SAI.TECH Global Corporation (NASDAQ: SAI): Reassessing Prospects

SAI.TECH Global Corporation (SAI) concluded trading on 01/11/24 at a closing price of $1.21, with 4.81 million shares of worth about $5.82 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -36.32% during that period and on Thursday the price saw a gain of about 16.35%. Currently the company’s common shares owned by public are about 23.84M shares, out of which, 5.43M shares are available for trading.

SAI.TECH Global Corporation (NASDAQ: SAI) started trading at $1.17, above $0.13 from concluding price of the previous day. However, the stock later moved at a day high price of 1.3800, or with a gain of 16.35%. Stock saw a price change of 11.01% in past 5 days and over the past one month there was a price change of 5.22%. Year-to-date (YTD), SAI shares are showing a performance of 1.68% which decreased to -15.83% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.81 but also hit the highest price of $7.40 during that period. The average intraday trading volume for SAI.TECH Global Corporation shares is 56.26K. The stock is currently trading 4.84% above its 20-day simple moving average (SMA20), while that difference is up 15.29% for SMA50 and it goes to -19.67% lower than SMA200.

SAI.TECH Global Corporation (NASDAQ: SAI) currently have 23.84M outstanding shares and institutions hold larger chunk of about 0.33% of that.

The stock has a current market capitalization of $28.85M and its 3Y-monthly beta is at 1.74. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for SAI, volatility over the week remained 14.79% while standing at 17.76% over the month.

Analysts at 0 brokerage firms have issued recommendations for the SAI.TECH Global Corporation (SAI)’s stock out of those 0 Wall Street analysts, 0 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.

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