Griid Infrastructure Inc. (NASDAQ: GRDI)’s stock price has soared by 13.10 in relation to previous closing price of 0.67. Nevertheless, the company has seen a loss of -29.87% in its stock price over the last five trading days.
Is It Worth Investing in Griid Infrastructure Inc. (NASDAQ: GRDI) Right Now?
The public float for GRDI is 16.21M and currently, short sellers hold a 1.64% ratio of that float. The average trading volume of GRDI on May 06, 2024 was 746.18K shares.
GRDI’s Market Performance
GRDI’s stock has seen a -29.87% decrease for the week, with a -39.89% drop in the past month and a -62.12% fall in the past quarter. The volatility ratio for the week is 21.00%, and the volatility levels for the past 30 days are at 11.69% for Griid Infrastructure Inc. The simple moving average for the past 20 days is -27.29% for GRDI’s stock, with a -68.07% simple moving average for the past 200 days.
GRDI Trading at -43.04% from the 50-Day Moving Average
After a stumble in the market that brought GRDI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -92.16% of loss for the given period.
Volatility was left at 11.69%, however, over the last 30 days, the volatility rate increased by 21.00%, as shares sank -37.92% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -62.87% lower at present.
During the last 5 trading sessions, GRDI fell by -29.87%, in comparison to the 20-day moving average, which settled at $1.0186. In addition, Griid Infrastructure Inc. saw -83.17% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at GRDI starting from Hamilton Michael W, who sale 30,000 shares at the price of $1.78 back on Mar 08 ’24. After this action, Hamilton Michael W now owns 704,954 shares of Griid Infrastructure Inc., valued at $53,400 using the latest closing price.
Stock Fundamentals for GRDI
The liquidity ratio also appears to be rather interesting for investors as it stands at 0.04.
Conclusion
In conclusion, Griid Infrastructure Inc. (GRDI) 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.
