Is N2OFF Inc (NASDAQ: NITO) A Top Momentum Pick?

N2OFF Inc (NASDAQ:NITO) price on Thursday, May 22, remained unchanged to $0.28.

A look at the stock’s price movement, the close in the last trading session was $0.28. Turning to its 52-week performance, $3.49 and $0.16 were the 52-week high and 52-week low respectively. Overall, NITO moved 23.35% over the past month.

N2OFF Inc’s market cap currently stands at around $7.39 million, with investors looking forward to this quarter’s earnings report slated for in June.

Turning to the stock’s technical picture we see that short term indicators suggest on average that NITO is a 50% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.

NITO’s current price about -15.69% and -0.48% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 46.27, while 7-day volatility ratio is 6.83% and 25.13% in the 30-day chart. Further, N2OFF Inc (NITO) has a beta value of 1.87, and an average true range (ATR) of 0.07.

If we refocus on N2OFF Inc (NASDAQ:NITO), historical trading data shows that trading volumes averaged 13.99 million over the past 3 months. The company’s latest data on shares outstanding shows there are 26.41 million shares.

The 31.53% of N2OFF Inc’s shares are in the hands of company insiders while institutional holders own 3.61% of the company’s shares. Current price change has pushed the stock 12.90% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the NITO stock continues to rise going into the next quarter.

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