Garden Stage Ltd (NASDAQ:GSIW) shares, rose in value on Wednesday, June 18, with the stock price down by -4.05% to the previous day’s close as strong demand from buyers drove the stock to $1.42.
Actively observing the price movement in the last trading, the stock closed the session at $1.48. Referring to stock’s 52-week performance, its high was $12.30, and the low was $0.35. On the whole, GSIW has fluctuated by 76.62% over the past month.
With the market capitalization of Garden Stage Ltd currently standing at about $33.55 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 GSIW’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% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the price of GSIW currently trading nearly 35.93% and 103.05% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 75.89, while the 7-day volatility ratio is showing 3.29% which for the 30-day chart, stands at 8.51%. Furthermore, Garden Stage Ltd (GSIW)’s beta value is -0.20, and its average true range (ATR) is 0.14.
A comparison of Garden Stage Ltd (GSIW) with its peers suggests the former has fared considerably weaker in the market. GSIW showed an intraday change of -4.05% in last session, and over the past year, it shrunk by -82.36%%.
Data on historical trading for Garden Stage Ltd (NASDAQ:GSIW) indicates that the trading volumes over the past 3 months, they’ve averaged 852.45K. According to company’s latest data on outstanding shares, there are 15.62 million shares outstanding.
Nearly 61.68% of Garden Stage Ltd’s shares belong to company insiders and institutional investors own 0.38% of the company’s shares. The stock has risen by 113.21% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the GSIW stock heading into the next quarter.
