The trading price of ScanTech AI Systems Inc (NASDAQ:STAI) closed lower on Monday, June 16, and closing at $0.74, -3.26% lower than its previous close.
The company’s P/E ratio in the trailing 12-month period was 4.03. In examining the 52-week price action we see that the stock hit a 52-week high of $12.19 and a 52-week low of $0.68. Over the past month, the stock has lost -25.80% in value.
ScanTech AI Systems Inc, whose market valuation is $19.00 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.
A quick review shows that STAI’s price is currently -12.46% off the SMA20 and -42.14% off the SMA50. The RSI metric on the 14-day chart is currently showing 31.23, and weekly volatility stands at 4.54%. When measured over the past 30 days, the indicator reaches 6.00%. ScanTech AI Systems Inc (NASDAQ:STAI)’s beta value is currently sitting at -0.91, while the Average True Range indicator is currently displaying 0.12.
To see how ScanTech AI Systems Inc stock has been performing in comparison to its peers in the industry, here are the numbers: STAI stock’s performance was -3.26% in the latest trading, and -93.07% in the past year. ScanTech AI Systems Inc has a P/E ratio of 4.03.
An evaluation of the daily trading volume of ScanTech AI Systems Inc (NASDAQ:STAI) indicates that the 3-month average is 770.07K.
Currently, records show that 25.61 million of the company’s shares remain outstanding. The insiders hold 13.58% of outstanding shares, whereas institutions hold 79.42%. However, since the stock’s price has seen -92.06% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
