The trading price of Northann Corp (AMEX:NCL) closed lower on Monday, June 16, and closing at $0.21, -1.74% lower than its previous close.
In examining the 52-week price action we see that the stock hit a 52-week high of $1.52 and a 52-week low of $0.15. Over the past month, the stock has lost -58.08% in value.
Northann Corp, whose market valuation is $19.97 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.
On the technical side, indicators suggest NCL 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% Buy, while an average of long term indicators suggests that the stock is currently 50% Sell.
A quick review shows that NCL’s price is currently -69.66% off the SMA20 and -56.56% off the SMA50. The RSI metric on the 14-day chart is currently showing 36.83, and weekly volatility stands at 12.08%. When measured over the past 30 days, the indicator reaches 39.22%. Northann Corp (AMEX:NCL)’s beta value is currently sitting at 1.25, while the Average True Range indicator is currently displaying 0.17.
To see how Northann Corp stock has been performing in comparison to its peers in the industry, here are the numbers: NCL stock’s performance was -1.74% in the latest trading, and -20.46% in the past year.
An evaluation of the daily trading volume of Northann Corp (AMEX:NCL) indicates that the 3-month average is 8.05 million.
Currently, records show that 24.37 million of the company’s shares remain outstanding. The insiders hold 75.27% of outstanding shares, whereas institutions hold 0.49%. However, since the stock’s price has seen -23.26% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
