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Is a Correction Looming Ahead for Panbela Therapeutics Inc. (PBLA)

Panbela Therapeutics Inc. (NASDAQ:PBLA) went up by 46.39% from its latest closing price compared to the recent 1-year high of $2.40. The company’s stock price has collected -6.33% of loss in the last five trading sessions.

Is It Worth Investing in Panbela Therapeutics Inc. (NASDAQ :PBLA) Right Now?

Plus, the 36-month beta value for PBLA is at 0.97.

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PBLA currently public float of 16.72M and currently shorts hold a 0.83% ratio of that float. Today, the average trading volume of PBLA was 392.00K shares.

PBLA’s Market Performance

PBLA stocks went down by -6.33% for the week, with a monthly drop of -55.61% and a quarterly performance of -66.82%, while its annual performance rate touched -84.43%. The volatility ratio for the week stands at 75.37% while the volatility levels for the past 30 days are set at 29.18% for Panbela Therapeutics Inc. The simple moving average for the period of the last 20 days is -36.28% for PBLA stocks with a simple moving average of -76.44% for the last 200 days.

PBLA Trading at -61.82% from the 50-Day Moving Average

After a stumble in the market that brought PBLA to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -85.21% of loss for the given period.

Volatility was left at 29.18%, however, over the last 30 days, the volatility rate increased by 75.37%, as shares sank -55.06% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -69.13% lower at present.

During the last 5 trading sessions, PBLA fell by -6.33%, which changed the moving average for the period of 200-days by -79.71% in comparison to the 20-day moving average, which settled at $0.5354. In addition, Panbela Therapeutics Inc. saw -79.48% in overturn over a single year, with a tendency to cut further losses.

Stock Fundamentals for PBLA

Equity return is now at value -495.30, with -277.80 for asset returns.

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