Banzai International Inc (NASDAQ: BNZI)’s stock price has dropped by -14.63 in relation to previous closing price of 4.17. Nevertheless, the company has seen a loss of -37.87% in its stock price over the last five trading days. globenewswire.com reported 2024-10-02 that SEATTLE, Oct. 02, 2024 (GLOBE NEWSWIRE) — Banzai International, Inc. (NASDAQ: BNZI) (“Banzai” or the “Company”), a leading marketing technology company that provides essential marketing and sales solutions, today announced that it received notice from the Nasdaq Listing Qualifications Panel (the “Hearings Panel”) of The Nasdaq Stock Market LLC (“Nasdaq”) that the Hearings Panel has granted the Company’s request to continue its listing on The Nasdaq Stock Market, subject to the Company meeting certain conditions, including filing on or before October 7, 2024, an application for listing on The Nasdaq Capital Market, and demonstrating compliance on or before January 31, 2025 with Listing Rules 5550(a)(2), 5550(a)(5) and 5550(b)(1). The Company is in violation of the bid price requirement of Nasdaq Listing Rule 5450(a)(1) (the “Bid Price Rule”) and the market value of listed securities (“MVLS”) requirement in Listing Rule 5450(b)(2)(A) (the “MVLS Rule”).
Is It Worth Investing in Banzai International Inc (NASDAQ: BNZI) Right Now?
The 36-month beta value for BNZI is also noteworthy at -0.61. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for BNZI is 0.64M, and at present, short sellers hold a 2.00% of that float. The average trading volume of BNZI on October 07, 2024 was 2.10M shares.
BNZI’s Market Performance
The stock of Banzai International Inc (BNZI) has seen a -37.87% decrease in the past week, with a -15.24% drop in the past month, and a -53.13% fall in the past quarter. The volatility ratio for the week is 16.03%, and the volatility levels for the past 30 days are at 23.40% for BNZI. The simple moving average for the past 20 days is -22.99% for BNZI’s stock, with a -89.24% simple moving average for the past 200 days.
BNZI Trading at -33.70% 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 -99.57% of loss for the given period.
Volatility was left at 23.40%, however, over the last 30 days, the volatility rate increased by 16.03%, as shares sank -11.44% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -56.64% lower at present.
During the last 5 trading sessions, BNZI fell by -37.87%, which changed the moving average for the period of 200-days by -98.84% in comparison to the 20-day moving average, which settled at $4.60. In addition, Banzai International Inc saw -96.21% 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 Alco Investment Co, who purchase 282,420 shares at the price of $3.89 back on Sep 20 ’24. After this action, Alco Investment Co now owns 330,340 shares of Banzai International Inc, valued at $1,098,614 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
Current profitability levels for the company are sitting at:
- -2.87 for the present operating margin
- 0.68 for the gross margin
The net margin for Banzai International Inc stands at -3.64. The total capital return value is set at 0.39. Equity return is now at value -364.76, with -54.41 for asset returns.
Based on Banzai International Inc (BNZI), the company’s capital structure generated -1.03 points at debt to capital in total, while cash flow to debt ratio is standing at -0.26. The debt to equity ratio resting at -0.51. The interest coverage ratio of the stock is -1.11.
Currently, EBITDA for the company is -9.62 million with net debt to EBITDA at -1.28. When we switch over and look at the enterprise to sales, we see a ratio of 6.44. The receivables turnover for the company is 165.84for trailing twelve months and the total asset turnover is 1.13. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.04.
Conclusion
In summary, Banzai International Inc (BNZI) has had a bad performance as of late. Analysts have bullish opinions on the stock, with some viewing 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.
