The stock of Global Blockchain Acquisition Corp (GBBK) has gone up by 0.45% for the week, with a 0.91% rise in the past month and a 2.96% rise in the past quarter. The volatility ratio for the week is 0.31%, and the volatility levels for the past 30 days are 0.17% for GBBK. The simple moving average for the past 20 days is 0.68% for GBBK’s stock, with a 3.64% simple moving average for the past 200 days.
Is It Worth Investing in Global Blockchain Acquisition Corp (NASDAQ: GBBK) Right Now?
Global Blockchain Acquisition Corp (NASDAQ: GBBK) has a price-to-earnings ratio of 371.33x that is above its average ratio. Additionally, the 36-month beta value for GBBK is 0.02.
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The public float for GBBK is 1.20M and currently, short sellers hold a 0.08% ratio of that float. The average trading volume of GBBK on November 08, 2024 was 3.76K shares.
GBBK) stock’s latest price update
Global Blockchain Acquisition Corp (NASDAQ: GBBK)’s stock price has soared by 0.04 in relation to previous closing price of 11.14. Nevertheless, the company has seen a gain of 0.45% in its stock price over the last five trading days.
GBBK Trading at 0.77% from the 50-Day Moving Average
After a stumble in the market that brought GBBK to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -7.17% of loss for the given period.
Volatility was left at 0.17%, however, over the last 30 days, the volatility rate increased by 0.31%, as shares sank -0.54% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.37% upper at present.
During the last 5 trading sessions, GBBK rose by +1.09%, which changed the moving average for the period of 200-days by +6.13% in comparison to the 20-day moving average, which settled at $11.06. In addition, Global Blockchain Acquisition Corp saw 5.59% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for GBBK
The total capital return value is set at -0.21. Equity return is now at value 0.50, with 0.49 for asset returns.
Currently, EBITDA for the company is 5.56 million with net debt to EBITDA at 0.3. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.16.
Conclusion
In conclusion, Global Blockchain Acquisition Corp (GBBK) has seen better 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 is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
