The simple moving average for the past 20 days is -51.35% for AZI’s stock, with a -51.35% simple moving average for the past 200 days.
Is It Worth Investing in Autozi Internet Technology (Global) Ltd. (NASDAQ: AZI) Right Now?
The average trading volume of AZI on September 25, 2024 was 807.98K shares.
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AZI) stock’s latest price update
Autozi Internet Technology (Global) Ltd. (NASDAQ: AZI)’s stock price has dropped by -8.00 in relation to previous closing price of 0.90. Nevertheless, the company has seen a loss of -24.64% in its stock price over the last five trading days. seekingalpha.com reported 2024-08-31 that While major IPOs are on hold until after Labor Day, three small deals were completed in the last week of August. Two SPACs, GigCapital7 and Black Spade Acquisition II, raised $200 million and $150 million, respectively. Three IPOs are currently scheduled to list in the week ahead, all of them holdovers from previous weeks, and all based in the Asia Pacific region.
AZI Trading at -51.35% from the 50-Day Moving Average
After a stumble in the market that brought AZI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -79.53% of loss for the given period.
During the last 5 trading sessions, AZI fell by -24.65%, in comparison to the 20-day moving average. In addition, Autozi Internet Technology (Global) Ltd. saw -68.36% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for AZI
The liquidity ratio also appears to be rather interesting for investors as it stands at 0.25.
Conclusion
In conclusion, Autozi Internet Technology (Global) Ltd. (AZI) 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.
