The volatility ratio for the week is 17.06%, and the volatility levels for the past 30 days are 16.65% for GPAK. The simple moving average for the past 20 days is -14.57% for GPAK’s stock, with a -37.89% simple moving average for the past 200 days.
Is It Worth Investing in Gamer Pakistan Inc. (NASDAQ: GPAK) Right Now?
The public float for GPAK is 19.07M and currently, short sellers hold a 0.98% ratio of that float. The average trading volume of GPAK on November 21, 2023 was 390.01K shares.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
GPAK) stock’s latest price update
Gamer Pakistan Inc. (NASDAQ: GPAK)’s stock price has plunge by 14.92relation to previous closing price of 0.50. Nevertheless, the company has seen a -3.51% plunge in its stock price over the last five trading sessions. GlobeNewsWire reported 2023-10-30 that HENDERSON, Nev., Oct. 30, 2023 (GLOBE NEWSWIRE) — Gamer Pakistan Inc. (NASDAQ: GPAK), an early-stage technology and esports company focused on game development and in-game AI community engagement, and organizing esports events in Pakistan, today announced it will host a business update conference call on Tuesday, December 5, 2023 at 11:00 a.m.
GPAK Trading at -37.89% from the 50-Day Moving Average
After a stumble in the market that brought GPAK to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -86.79% of loss for the given period.
Volatility was left at 16.65%, however, over the last 30 days, the volatility rate increased by 17.06%, as shares sank -23.15% for the moving average over the last 20 days.
During the last 5 trading sessions, GPAK fell by -2.68%, in comparison to the 20-day moving average, which settled at $0.6701. In addition, Gamer Pakistan Inc. saw -73.99% in overturn over a single year, with a tendency to cut further losses.
Conclusion
In conclusion, Gamer Pakistan Inc. (GPAK) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
