Additionally, the 36-month beta value for STBX is 1.85.
The public float for STBX is 317.12M and currently, short sellers hold a 0.00% ratio of that float. The average trading volume of STBX on November 13, 2024 was 101.29K shares.
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STBX) stock’s latest price update
Starbox Group Holdings Ltd (NASDAQ: STBX)’s stock price has soared by 42.40 in relation to previous closing price of 1.25. Nevertheless, the company has seen a gain of 44.72% in its stock price over the last five trading days. globenewswire.com reported 2024-10-24 that KUALA LUMPUR, Malaysia, Oct. 24, 2024 (GLOBE NEWSWIRE) — Starbox Group Holdings Ltd. (Nasdaq: STBX) (“Starbox” or the “Company”), a service provider of cash rebates, advertising, and payment solutions, is excited to announce that it has started to support 180 Degrees Brandcom Sdn Bhd (“180”) with its StarboxAI Pro Series software for 180’s branding and advertising business. 180, an indirect subsidiary that is 51% owned by Starbox, is a 4A advertising agency incorporated in 2013 that offers digital marketing, advertising consulting and design services. 180 has maintained long-term relationships, with more than 20% of its existing clients for over 15 years. To enhance service quality, 180 anticipates improving brand engagement by using StarboxAI Pro Series, which provides artificial intelligence (“AI”) powered solutions for image creation, video production, and live streaming alongside data-driven marketing strategies.
STBX’s Market Performance
Starbox Group Holdings Ltd (STBX) has experienced a 44.72% rise in stock performance for the past week, with a -11.00% drop in the past month, and a -30.47% drop in the past quarter. The volatility ratio for the week is 21.49%, and the volatility levels for the past 30 days are at 19.82% for STBX. The simple moving average for the past 20 days is 0.17% for STBX’s stock, with a -42.42% simple moving average for the past 200 days.
STBX Trading at -11.90% from the 50-Day Moving Average
After a stumble in the market that brought STBX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -75.28% of loss for the given period.
Volatility was left at 19.82%, however, over the last 30 days, the volatility rate increased by 21.49%, as shares sank -11.00% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -32.58% lower at present.
During the last 5 trading sessions, STBX rose by +44.72%, which changed the moving average for the period of 200-days by -53.68% in comparison to the 20-day moving average, which settled at $1.7770. In addition, Starbox Group Holdings Ltd saw -57.86% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for STBX
Current profitability levels for the company are sitting at:
- -0.84 for the present operating margin
- 0.84 for the gross margin
The net margin for Starbox Group Holdings Ltd stands at -1.03. The total capital return value is set at -0.07. Equity return is now at value -20.02, with -13.29 for asset returns.
Based on Starbox Group Holdings Ltd (STBX), the company’s capital structure generated 0.03 points at debt to capital in total, while cash flow to debt ratio is standing at -0.65. The debt to equity ratio resting at 0.03. The interest coverage ratio of the stock is -432.06.
Currently, EBITDA for the company is 6.44 million with net debt to EBITDA at -0.17. When we switch over and look at the enterprise to sales, we see a ratio of 9.96. The receivables turnover for the company is 10.98for trailing twelve months and the total asset turnover is 0.08. The liquidity ratio also appears to be rather interesting for investors as it stands at 14.16.
Conclusion
In conclusion, Starbox Group Holdings Ltd (STBX) 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.
