There Is Clear Momentum For Graphjet Technology (NASDAQ: GTI)

Graphjet Technology (GTI) concluded trading on Wednesday at a closing price of $0.41, with 4.34 million shares of worth about $1.78 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -92.64% during that period and on December 18, 2024 the price saw a loss of about -30.98%. Currently the company’s common shares owned by public are about 146.74M shares, out of which, 80.45M shares are available for trading.

Stock saw a price change of -69.78% in past 5 days and over the past one month there was a price change of -86.75%. Year-to-date (YTD), GTI shares are showing a performance of -96.39% which decreased to -96.36% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.57 but also hit the highest price of $14.00 during that period. The average intraday trading volume for Graphjet Technology shares is 371.44K. The stock is currently trading -80.94% below its 20-day simple moving average (SMA20), while that difference is down -82.67% for SMA50 and it goes to -91.15% lower than SMA200.

Graphjet Technology (NASDAQ: GTI) currently have 146.74M outstanding shares and institutions hold larger chunk of about 0.04% of that.

The stock has a current market capitalization of $59.87M and its 3Y-monthly beta is at -0.04. PE ratio of stock for trailing 12 months is 37.43, while it has posted earnings per share of $0.01 in the same period. It has Quick Ratio of 0.17. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for GTI, volatility over the week remained 67.13% while standing at 34.07% over the month.

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