Aduro Clean Technologies Inc (NASDAQ:ADUR) shares, rose in value on Friday, June 20, with the stock price up by 6.34% to the previous day’s close as strong demand from buyers drove the stock to $10.57.
Actively observing the price movement in the last trading, the stock closed the session at $9.94. Referring to stock’s 52-week performance, its high was $11.97, and the low was $2.86. On the whole, ADUR has fluctuated by 53.19% over the past month.
With the market capitalization of Aduro Clean Technologies Inc currently standing at about $309.60 million, investors are eagerly awaiting this quarter’s results, scheduled for in July.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that ADUR’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy 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 ADUR currently trading nearly 16.65% and 55.51% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 65.41, while the 7-day volatility ratio is showing 4.12% which for the 30-day chart, stands at 8.78%. Furthermore, Aduro Clean Technologies Inc (ADUR)’s beta value is 1.07, and its average true range (ATR) is 0.97.
A comparison of Aduro Clean Technologies Inc (ADUR) with its peers suggests the former has fared considerably weaker in the market. ADUR showed an intraday change of 6.34% in last session, and over the past year, it grew by 245.99%%.
Data on historical trading for Aduro Clean Technologies Inc (NASDAQ:ADUR) indicates that the trading volumes over the past 3 months, they’ve averaged 179.47K. According to company’s latest data on outstanding shares, there are 28.91 million shares outstanding.
Nearly 39.59% of Aduro Clean Technologies Inc’s shares belong to company insiders and institutional investors own 0.20% of the company’s shares. The stock has risen by 70.21% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ADUR stock heading into the next quarter.
