Is There More Upside Ahead For Graphjet Technology (NASDAQ: GTI)

Graphjet Technology (GTI) concluded trading on Wednesday at a closing price of $0.13, with 12.73 million shares of worth about $1.66 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -95.45% during that period and on Wednesday the price saw a loss of about -17.05%. Currently the company’s common shares owned by public are about 146.74M shares, out of which, 45.67M shares are available for trading.

Stock saw a price change of -20.38% in past 5 days and over the past one month there was a price change of 19.21%. Year-to-date (YTD), GTI shares are showing a performance of -85.24% which decreased to -97.84% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.07 but also hit the highest price of $6.60 during that period. The average intraday trading volume for Graphjet Technology shares is 14.50 million. The stock is currently trading 1.93% above its 20-day simple moving average (SMA20), while that difference is up 16.84% for SMA50 and it goes to -89.50% lower than SMA200.

Graphjet Technology (NASDAQ: GTI) currently have 146.74M outstanding shares and institutions hold larger chunk of about 0.24% of that.

The stock has a current market capitalization of $19.49M and its 3Y-monthly beta is at 0.71. 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 17.27% while standing at 13.17% over the month.

Analysts are in expectations that Graphjet Technology (GTI) stock would likely to be making an EPS of 0 in the current quarter, while forecast for next quarter EPS is 0 and it is 0 for next year. For the current quarter EPS, analysts have given the company a lowest target 0 which is 0 at the higher side of the target for the same.

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