Intelligent Bio Solutions Inc (NASDAQ:INBS) shares, rose in value on Wednesday, June 18, with the stock price down by -4.15% to the previous day’s close as strong demand from buyers drove the stock to $1.85.
Actively observing the price movement in the last trading, the stock closed the session at $1.93. Referring to stock’s 52-week performance, its high was $3.00, and the low was $1.00. On the whole, INBS has fluctuated by 49.80% over the past month.
With the market capitalization of Intelligent Bio Solutions Inc currently standing at about $12.79 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Nov-07.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that INBS’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the price of INBS currently trading nearly 13.58% and 32.11% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 65.05, while the 7-day volatility ratio is showing 2.53% which for the 30-day chart, stands at 4.60%. Furthermore, Intelligent Bio Solutions Inc (INBS)’s beta value is 4.59, and its average true range (ATR) is 0.13.
A comparison of Intelligent Bio Solutions Inc (INBS) with its peers suggests the former has fared considerably weaker in the market. INBS showed an intraday change of -4.15% in last session, and over the past year, it shrunk by -10.19%%.
Data on historical trading for Intelligent Bio Solutions Inc (NASDAQ:INBS) indicates that the trading volumes over the past 3 months, they’ve averaged 121.49K. According to company’s latest data on outstanding shares, there are 6.91 million shares outstanding.
Nearly 1.37% of Intelligent Bio Solutions Inc’s shares belong to company insiders and institutional investors own 12.69% of the company’s shares. The stock has risen by 32.14% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the INBS stock heading into the next quarter.
