Additionally, the 36-month beta value for ABTS is 2.94.
The public float for ABTS is 29.62M and currently, short sellers hold a 0.90% ratio of that float. The average trading volume of ABTS on March 28, 2024 was 185.86K shares.
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ABTS) stock’s latest price update
The stock price of Abits Group Inc (NASDAQ: ABTS) has jumped by 2.18 compared to previous close of 0.78. Despite this, the company has seen a fall of -4.55% in its stock price over the last five trading days.
ABTS’s Market Performance
Abits Group Inc (ABTS) has seen a -4.55% fall in stock performance for the week, with a -18.67% decline in the past month and a -21.86% plunge in the past quarter. The volatility ratio for the week is 17.08%, and the volatility levels for the past 30 days are at 14.17% for ABTS. The simple moving average for the past 20 days is -4.82% for ABTS’s stock, with a -19.87% simple moving average for the past 200 days.
ABTS Trading at -14.79% from the 50-Day Moving Average
After a stumble in the market that brought ABTS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -55.72% of loss for the given period.
Volatility was left at 14.17%, however, over the last 30 days, the volatility rate increased by 17.08%, as shares sank -20.31% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -25.28% lower at present.
During the last 5 trading sessions, ABTS fell by -4.55%, which changed the moving average for the period of 200-days by -6.24% in comparison to the 20-day moving average, which settled at $0.8272. In addition, Abits Group Inc saw -30.09% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for ABTS
The liquidity ratio also appears to be rather interesting for investors as it stands at 9.28.
Conclusion
In conclusion, Abits Group Inc (ABTS) 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.
