Firefly Neuroscience Inc. (AIFF) Shares Up Despite Recent Market Volatility

Firefly Neuroscience Inc. (NASDAQ: AIFF)’s stock price has gone rise by 18.53 in comparison to its previous close of 3.13, however, the company has experienced a 13.72% increase in its stock price over the last five trading days. globenewswire.com reported 2024-10-16 that During the Phase 1 study, subjects utilized EEG headsets provided by Firefly partner, Zeto, after which the data was analyzed using Firefly’s advanced AI BNA technology analysis platform During the Phase 1 study, subjects utilized EEG headsets provided by Firefly partner, Zeto, after which the data was analyzed using Firefly’s advanced AI BNA technology analysis platform

Is It Worth Investing in Firefly Neuroscience Inc. (NASDAQ: AIFF) Right Now?

Moreover, the 36-month beta value for AIFF is 3.11. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”

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The public float for AIFF is 5.11M and currently, short sellers hold a 0.87% of that float. On October 16, 2024, AIFF’s average trading volume was 37.42K shares.

AIFF’s Market Performance

AIFF stock saw a decrease of 13.72% in the past week, with a monthly decline of -5.36% and a quarterly a decrease of -38.47%. The volatility ratio for the week is 7.87%, and the volatility levels for the last 30 days are 11.91% for Firefly Neuroscience Inc. (AIFF). The simple moving average for the last 20 days is 12.01% for AIFF’s stock, with a simple moving average of -40.70% for the last 200 days.

AIFF Trading at -14.30% from the 50-Day Moving Average

After a stumble in the market that brought AIFF to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -76.67% of loss for the given period.

Volatility was left at 11.91%, however, over the last 30 days, the volatility rate increased by 7.87%, as shares sank -7.64% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -28.65% lower at present.

During the last 5 trading sessions, AIFF rose by +24.00%, which changed the moving average for the period of 200-days by -20.21% in comparison to the 20-day moving average, which settled at $3.33. In addition, Firefly Neuroscience Inc. saw -26.82% in overturn over a single year, with a tendency to cut further losses.

Stock Fundamentals for AIFF

Equity return is now at value -66.59, with -24.58 for asset returns.

The liquidity ratio also appears to be rather interesting for investors as it stands at 0.74.

Conclusion

To wrap up, the performance of Firefly Neuroscience Inc. (AIFF) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. 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.

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