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.
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.
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.