Graphjet Technology (NASDAQ: GTI)’s stock price has gone rise by 14.06 in comparison to its previous close of 2.24, however, the company has experienced a 28.39% increase in its stock price over the last five trading days. globenewswire.com reported 2024-07-26 that NEW YORK, July 26, 2024 (GLOBE NEWSWIRE) — Pomerantz LLP is investigating claims on behalf of investors of Graphjet Technology (“Graphjet” or the “Company”) (NASDAQ: GTI). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980.
Is It Worth Investing in Graphjet Technology (NASDAQ: GTI) Right Now?
Graphjet Technology (NASDAQ: GTI) has a price-to-earnings ratio that is above its average at 234.40x. The stock has a 36-month beta value of -0.34.
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The public float for GTI is 78.60M, and at present, short sellers hold a 0.16% of that float. On September 19, 2024, the average trading volume of GTI was 191.76K shares.
GTI’s Market Performance
GTI’s stock has seen a 28.39% increase for the week, with a 33.77% rise in the past month and a -52.67% fall in the past quarter. The volatility ratio for the week is 14.24%, and the volatility levels for the past 30 days are at 17.47% for Graphjet Technology The simple moving average for the past 20 days is 1.38% for GTI’s stock, with a -65.42% simple moving average for the past 200 days.
GTI Trading at -13.49% from the 50-Day Moving Average
After a stumble in the market that brought GTI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -81.75% of loss for the given period.
Volatility was left at 17.47%, however, over the last 30 days, the volatility rate increased by 14.24%, as shares sank -8.57% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -39.06% lower at present.
During the last 5 trading sessions, GTI rose by +28.64%, which changed the moving average for the period of 200-days by -76.79% in comparison to the 20-day moving average, which settled at $2.51. In addition, Graphjet Technology saw -77.41% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for GTI
The total capital return value is set at -3.04. Equity return is now at value -0.42, with -0.27 for asset returns.
Based on Graphjet Technology (GTI), the company’s capital structure generated -1.09 points at debt to capital in total, while cash flow to debt ratio is standing at -0.29. The debt to equity ratio resting at -0.52. The interest coverage ratio of the stock is -1197.27.
Currently, EBITDA for the company is -0.9 million with net debt to EBITDA at -0.28. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.17.
Conclusion
To sum up, Graphjet Technology (GTI) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others 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.
