The public float for GELS is 3.30M, and at present, short sellers hold a 0.01% of that float. The average trading volume of GELS on November 14, 2024 was 76.15K shares.
GELS) stock’s latest price update
The stock price of Gelteq Ltd (NASDAQ: GELS) has dropped by -29.33 compared to previous close of 2.25. Despite this, the company has seen a fall of -36.40% in its stock price over the last five trading days. globenewswire.com reported 2024-11-12 that NEW YORK, Nov. 12, 2024 (GLOBE NEWSWIRE) — Gelteq Limited (NASDAQ: GELS) (“Gelteq” or the “Company”), a clinical and science-based company that is focused on developing and commercializing white label gel-based delivery solutions for prescription drugs, nutraceuticals, pet care and other products, announced today that it has expanded its operations in the United States with the appointment of Adam Bendell as President of U.S. Operations.
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GELS’s Market Performance
The simple moving average for the past 20 days is -33.45% for GELS’s stock, with a -33.45% simple moving average for the past 200 days.
GELS Trading at -33.45% from the 50-Day Moving Average
After a stumble in the market that brought GELS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -60.35% of loss for the given period.
During the last 5 trading sessions, GELS fell by -36.40%, in comparison to the 20-day moving average. In addition, Gelteq Ltd saw -45.92% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for GELS
Equity return is now at value -35.30, with -29.30 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 0.70.
Conclusion
In summary, Gelteq Ltd (GELS) has had a bad performance as of late. Analysts have mixed 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.
