The stock of Banzai International Inc (NASDAQ: BNZI) has decreased by -13.25 when compared to last closing price of 0.14.Despite this, the company has seen a loss of -17.98% in its stock price over the last five trading days. globenewswire.com reported 2024-06-20 that New Updates Focus on Streaming Stability, Virtual Backgrounds, and Automated Sessions, Significantly Enhancing User Interface Speed and Responsiveness New Updates Focus on Streaming Stability, Virtual Backgrounds, and Automated Sessions, Significantly Enhancing User Interface Speed and Responsiveness
Is It Worth Investing in Banzai International Inc (NASDAQ: BNZI) Right Now?
The 36-month beta value for BNZI is at -0.61. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for BNZI is 14.11M, and currently, shorts hold a 2.69% of that float. The average trading volume for BNZI on July 31, 2024 was 4.07M shares.
BNZI’s Market Performance
BNZI’s stock has seen a -17.98% decrease for the week, with a -17.05% drop in the past month and a -68.59% fall in the past quarter. The volatility ratio for the week is 9.07%, and the volatility levels for the past 30 days are at 8.50% for Banzai International Inc The simple moving average for the past 20 days is -19.68% for BNZI’s stock, with a -95.92% simple moving average for the past 200 days.
BNZI Trading at -30.14% from the 50-Day Moving Average
After a stumble in the market that brought BNZI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -99.25% of loss for the given period.
Volatility was left at 8.50%, however, over the last 30 days, the volatility rate increased by 9.07%, as shares sank -18.51% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -59.57% lower at present.
During the last 5 trading sessions, BNZI fell by -17.98%, which changed the moving average for the period of 200-days by -98.82% in comparison to the 20-day moving average, which settled at $0.1542. In addition, Banzai International Inc saw -93.35% 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 BNZI starting from Davy Joseph P., who purchase 500 shares at the price of $0.80 back on Feb 23 ’24. After this action, Davy Joseph P. now owns 4,398 shares of Banzai International Inc, valued at $400 using the latest closing price.
Ward Mason, the Director of Banzai International Inc, purchase 500 shares at $0.97 during a trade that took place back on Feb 22 ’24, which means that Ward Mason is holding 30,670 shares at $484 based on the most recent closing price.
Stock Fundamentals for BNZI
Equity return is now at value -364.76, with -42.65 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 0.06.
Conclusion
In conclusion, Banzai International Inc (BNZI) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
