The trading price of Graphjet Technology (NASDAQ:GTI) closed higher on Tuesday, June 17, and closing at $0.09, 13.58% higher than its previous close.
In examining the 52-week price action we see that the stock hit a 52-week high of $6.20 and a 52-week low of $0.06. Over the past month, the stock has lost -33.59% in value.
Graphjet Technology, whose market valuation is $12.77 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 GTI has a 50% 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.
A quick review shows that GTI’s price is currently -22.49% off the SMA20 and -22.19% off the SMA50. The RSI metric on the 14-day chart is currently showing 44.54, and weekly volatility stands at 18.11%. When measured over the past 30 days, the indicator reaches 14.50%. Graphjet Technology (NASDAQ:GTI)’s beta value is currently sitting at 0.40, while the Average True Range indicator is currently displaying 0.02.
To see how Graphjet Technology stock has been performing in comparison to its peers in the industry, here are the numbers: GTI stock’s performance was 13.58% in the latest trading, and -98.56% in the past year.
An evaluation of the daily trading volume of Graphjet Technology (NASDAQ:GTI) indicates that the 3-month average is 21.53 million.
Currently, records show that 146.74 million of the company’s shares remain outstanding. The insiders hold 68.88% of outstanding shares, whereas institutions hold 0.24%. However, since the stock’s price has seen -90.33% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
