Pasithea Therapeutics Corp. (NASDAQ:KTTA) went down by -7.33% from its latest closing price compared to the recent 1-year high of $8.50. The company’s stock price has collected -10.90% of loss in the last five trading sessions. Press Release reported on 12/21/21 that Pasithea Therapeutics Opens Second Ketamine Therapy Clinic in the United Kingdom
Is It Worth Investing in Pasithea Therapeutics Corp. (NASDAQ :KTTA) Right Now?
Opinions of the stock are interesting as 1 analysts out of 1 who provided ratings for Pasithea Therapeutics Corp. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 0 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $4.73, which is $1.86 above the current price. KTTA currently public float of 9.22M and currently shorts hold a 11.10% ratio of that float. Today, the average trading volume of KTTA was 6.85M shares.
KTTA’s Market Performance
KTTA stocks went down by -10.90% for the week, with a monthly drop of -32.52% and a quarterly performance of -52.23%. The volatility ratio for the week stands at 6.65% while the volatility levels for the past 30 days are set at 13.84% for Pasithea Therapeutics Corp.. The simple moving average for the period of the last 20 days is -17.56% for KTTA stocks with a simple moving average of -45.81% for the last 200 days.
KTTA Trading at -41.50% from the 50-Day Moving Average
After a stumble in the market that brought KTTA to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -83.65% of loss for the given period.
Volatility was left at 13.84%, however, over the last 30 days, the volatility rate increased by 6.65%, as shares sank -29.44% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -45.70% lower at present.
During the last 5 trading sessions, KTTA fell by -10.90%, in comparison to the 20-day moving average, which settled at $1.6570. In addition, Pasithea Therapeutics Corp. saw -21.47% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for KTTA
The liquidity ratio also appears to be rather interesting for investors as it stands at 37.55.