The stock of Notable Labs Ltd (NASDAQ: NTBL) has increased by 13.83 when compared to last closing price of 0.94.Despite this, the company has seen a gain of 16.30% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-19 that Notable Labs (NTBL) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Is It Worth Investing in Notable Labs Ltd (NASDAQ: NTBL) Right Now?
Additionally, the 36-month beta value for NTBL is 1.00. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for NTBL is 45.41M and currently, short sellers hold a 0.02% ratio of that float. The average trading volume of NTBL on May 08, 2024 was 83.13K shares.
NTBL’s Market Performance
NTBL stock saw a decrease of 16.30% in the past week, with a monthly decline of -28.19% and a quarterly a decrease of -13.01%. The volatility ratio for the week is 10.31%, and the volatility levels for the last 30 days are 10.98% for Notable Labs Ltd (NTBL). The simple moving average for the past 20 days is 4.13% for NTBL’s stock, with a -72.79% simple moving average for the past 200 days.
Analysts’ Opinion of NTBL
Oppenheimer gave a rating of “Outperform” to NTBL, setting the target price at $5.50 in the report published on July 18th of the previous year.
NTBL Trading at -21.46% from the 50-Day Moving Average
After a stumble in the market that brought NTBL to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -90.45% of loss for the given period.
Volatility was left at 10.98%, however, over the last 30 days, the volatility rate increased by 10.31%, as shares sank -24.11% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -21.90% lower at present.
During the last 5 trading sessions, NTBL rose by +16.30%, which changed the moving average for the period of 200-days by -89.53% in comparison to the 20-day moving average, which settled at $1.0106. In addition, Notable Labs Ltd saw -43.39% 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 NTBL starting from FR Capital Holdings, L.P., who sale 50,000 shares at the price of $1.89 back on Jan 02 ’24. After this action, FR Capital Holdings, L.P. now owns 880,489 shares of Notable Labs Ltd, valued at $94,670 using the latest closing price.
FR Capital Holdings, L.P., the 10% Owner of Notable Labs Ltd, sale 6,000 shares at $1.83 during a trade that took place back on Dec 29 ’23, which means that FR Capital Holdings, L.P. is holding 930,489 shares at $10,990 based on the most recent closing price.
Stock Fundamentals for NTBL
The total capital return value is set at -0.37. Equity return is now at value -59.52, with -45.61 for asset returns.
Currently, EBITDA for the company is -19.35 million with net debt to EBITDA at 3.43. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.63.
Conclusion
In conclusion, Notable Labs Ltd (NTBL) 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.
