Streamline Health Solutions, Inc (NASDAQ:STRM) shares, rose in value, with the stock price up by 126.20% to the previous day’s close as strong demand from buyers drove the stock to $5.18.
Actively observing the price movement in the last trading, the stock closed the session at $2.29. Referring to stock’s 52-week performance, its high was $9.75, and the low was $1.82. On the whole, STRM has fluctuated by 76.67% over the past month.
With the market capitalization of Streamline Health Solutions, Inc currently standing at about $22.44 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 STRM’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the price of STRM currently trading nearly 96.02% and 94.63% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 84.76, while the 7-day volatility ratio is showing 40.05% which for the 30-day chart, stands at 18.83%. Furthermore, Streamline Health Solutions, Inc (STRM)’s beta value is 1.70, and its average true range (ATR) is 0.39.
A comparison of Streamline Health Solutions, Inc (STRM) with its peers suggests the former has fared considerably weaker in the market. STRM showed an intraday change of 126.20% in last session, and over the past year, it grew by 2.47%%.
Data on historical trading for Streamline Health Solutions, Inc (NASDAQ:STRM) indicates that the trading volumes over the past 3 months, they’ve averaged 8.06K. According to company’s latest data on outstanding shares, there are 4.26 million shares outstanding.
Nearly 21.21% of Streamline Health Solutions, Inc’s shares belong to company insiders and institutional investors own 21.90% of the company’s shares. The stock has risen by 37.77% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the STRM stock heading into the next quarter.
