The trading price of ParaZero Technologies Ltd (NASDAQ:PRZO) closed lower on Monday, June 16, and closing at $1.23, -12.14% lower than its previous close.
In examining the 52-week price action we see that the stock hit a 52-week high of $3.16 and a 52-week low of $0.49. Over the past month, the stock has gained 38.87% in value.
ParaZero Technologies Ltd, whose market valuation is $20.99 million at the time of this writing, is expected to release its quarterly earnings report in July. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 0 per share this quarter, however they have predicted annual earnings per share of 0 for current year and 0 for next year.
On the technical side, indicators suggest PRZO has a 50% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Sell, while an average of long term indicators suggests that the stock is currently 50% Buy.
A quick review shows that PRZO’s price is currently 21.45% off the SMA20 and 45.47% off the SMA50. The RSI metric on the 14-day chart is currently showing 63.56, and weekly volatility stands at 12.96%. When measured over the past 30 days, the indicator reaches 6.81%. ParaZero Technologies Ltd (NASDAQ:PRZO)’s beta value is currently sitting at -0.72, while the Average True Range indicator is currently displaying 0.10.
To see how ParaZero Technologies Ltd stock has been performing in comparison to its peers in the industry, here are the numbers: PRZO stock’s performance was -12.14% in the latest trading, and 101.24% in the past year.
An evaluation of the daily trading volume of ParaZero Technologies Ltd (NASDAQ:PRZO) indicates that the 3-month average is 833.02K.
Currently, records show that 17.06 million of the company’s shares remain outstanding. The insiders hold 5.24% of outstanding shares, whereas institutions hold 2.06%. However, since the stock’s price has seen -39.41% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
