DeFi Development Corp (NASDAQ:DFDV) price on Thursday, June 12, rose 20.14% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $31.56.
A look at the stock’s price movement, the close in the last trading session was $26.27. Turning to its 52-week performance, $53.88 and $0.48 were the 52-week high and 52-week low respectively. Overall, DFDV moved 141.95% over the past month.
DeFi Development Corp’s market cap currently stands at around $456.58 million, with investors looking forward to this quarter’s earnings report slated for in July.
Turning to the stock’s technical picture we see that short term indicators suggest on average that DFDV is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
DFDV’s current price about 33.13% and 119.93% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 63.34, while 7-day volatility ratio is 9.35% and 22.82% in the 30-day chart. Further, DeFi Development Corp (DFDV) has a beta value of -6.89, and an average true range (ATR) of 6.20.
If we refocus on DeFi Development Corp (NASDAQ:DFDV), historical trading data shows that trading volumes averaged 5.11 million over the past 3 months. The company’s latest data on shares outstanding shows there are 10.01 million shares.
The 77.17% of DeFi Development Corp’s shares are in the hands of company insiders while institutional holders own 0.20% of the company’s shares. Current price change has pushed the stock 4450.36% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the DFDV stock continues to rise going into the next quarter.
