Allied Gaming & Entertainment Inc (NASDAQ:AGAE) shares, rose in value, with the stock price up by 46.15% to the previous day’s close as strong demand from buyers drove the stock to $3.42.
Actively observing the price movement in the last trading, the stock closed the session at $2.34. Referring to stock’s 52-week performance, its high was $2.44, and the low was $0.66. On the whole, AGAE has fluctuated by 213.76% over the past month.
With the market capitalization of Allied Gaming & Entertainment Inc currently standing at about $150.85 million, investors are eagerly awaiting this quarter’s results, scheduled for in June.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that AGAE’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 75% Buy.
The stock’s technical analysis shows that the price of AGAE currently trading nearly 93.52% and 158.25% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 87.30, while the 7-day volatility ratio is showing 18.06% which for the 30-day chart, stands at 12.08%. Furthermore, Allied Gaming & Entertainment Inc (AGAE)’s beta value is 1.55, and its average true range (ATR) is 0.33.
A comparison of Allied Gaming & Entertainment Inc (AGAE) with its peers suggests the former has fared considerably weaker in the market. AGAE showed an intraday change of 46.15% in last session, and over the past year, it grew by 381.62%%.
Data on historical trading for Allied Gaming & Entertainment Inc (NASDAQ:AGAE) indicates that the trading volumes over the past 3 months, they’ve averaged 145.89K. According to company’s latest data on outstanding shares, there are 38.11 million shares outstanding.
Nearly 78.06% of Allied Gaming & Entertainment Inc’s shares belong to company insiders and institutional investors own 2.31% of the company’s shares. The stock has risen by 331.55% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the AGAE stock heading into the next quarter.
