Additionally, the 36-month beta value for SAIH is 1.67.
The public float for SAIH is 13.69M and currently, short sellers hold a 1.58% ratio of that float. The average trading volume of SAIH on November 21, 2024 was 856.29K shares.
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SAIH) stock’s latest price update
The stock price of SAIHEAT Ltd (NASDAQ: SAIH) has surged by 24.21 when compared to previous closing price of 0.95, but the company has seen a 14.56% gain in its stock price over the last five trading sessions. globenewswire.com reported 2024-11-21 that SINGAPORE, Nov. 21, 2024 (GLOBE NEWSWIRE) — SAIHEAT Limited (f/k/a SAI.TECH Global Corporation) (“SAIHEAT” or the “Company”) (NASDAQ: SAIH, SAITW), today announced that it has purchased $1.5 million of bitcoin and currently holds approximately 102 bitcoins, including staked and restricted bitcoins. SAIHEAT has committed to a comprehensive HODL strategy for its Bitcoin holdings, aiming to retain bitcoin mined through its operations as a long-term asset. In addition, SAIHEAT engages in strategic purchases on the open market to increase its Bitcoin reserves, reinforcing its position in the digital asset space while aligning with its long-term financial goals.
SAIH’s Market Performance
SAIH’s stock has risen by 14.56% in the past week, with a monthly rise of 31.45% and a quarterly rise of 34.09%. The volatility ratio for the week is 14.71% while the volatility levels for the last 30 days are 17.00% for SAIHEAT Ltd The simple moving average for the past 20 days is 7.10% for SAIH’s stock, with a 26.71% simple moving average for the past 200 days.
SAIH Trading at 31.44% from the 50-Day Moving Average
After a stumble in the market that brought SAIH to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -34.39% of loss for the given period.
Volatility was left at 17.00%, however, over the last 30 days, the volatility rate increased by 14.71%, as shares surge +9.71% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +30.97% upper at present.
During the last 5 trading sessions, SAIH fell by -5.57%, which changed the moving average for the period of 200-days by +21.58% in comparison to the 20-day moving average, which settled at $1.0914. In addition, SAIHEAT Ltd saw -0.84% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for SAIH
The liquidity ratio also appears to be rather interesting for investors as it stands at 7.06.
Conclusion
In conclusion, SAIHEAT Ltd (SAIH) 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’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.
