The trading price of Banzai International Inc (NASDAQ:BNZI) closed higher on Tuesday, June 17, and closing at $0.65, 6.38% higher than its previous close.
In examining the 52-week price action we see that the stock hit a 52-week high of $11.20 and a 52-week low of $0.57. Over the past month, the stock has lost -25.53% in value.
Banzai International Inc, whose market valuation is $12.32 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 BNZI has a 100% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Sell, while an average of long term indicators suggests that the stock is currently 100% Sell.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned BNZI a recommendation rating is 1. Out of them, 0 rate it a Hold, while 1 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged Banzai International Inc (BNZI) as Underweight, while 0 advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
A quick review shows that BNZI’s price is currently -27.99% off the SMA20 and -33.42% off the SMA50. The RSI metric on the 14-day chart is currently showing 30.71, and weekly volatility stands at 15.09%. When measured over the past 30 days, the indicator reaches 7.85%. Banzai International Inc (NASDAQ:BNZI)’s beta value is currently sitting at -0.50, while the Average True Range indicator is currently displaying 0.11.
To see how Banzai International Inc stock has been performing in comparison to its peers in the industry, here are the numbers: BNZI stock’s performance was 6.38% in the latest trading, and -92.92% in the past year.
An evaluation of the daily trading volume of Banzai International Inc (NASDAQ:BNZI) indicates that the 3-month average is 1.84 million.
Currently, records show that 12.38 million of the company’s shares remain outstanding. The insiders hold 38.10% of outstanding shares, whereas institutions hold 2.77%. However, since the stock’s price has seen -57.52% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
