Autozi Internet Technology (Global) Ltd (NASDAQ: AZI)’s stock price has dropped by -6.55 in relation to previous closing price of 1.07. Nevertheless, the company has seen a loss of -19.36% in its stock price over the last five trading days. prnewswire.com reported 2024-11-29 that BEIJING, Nov. 29, 2024 /PRNewswire/ — Autozi Internet Technology (Global) Ltd. (“Autozi” or the “Company”) (Nasdaq: AZI), one of the leading and fast-growing lifecycle automotive service providers in China, today announced that Qirun Investment Co., Ltd.
Is It Worth Investing in Autozi Internet Technology (Global) Ltd (NASDAQ: AZI) Right Now?
The public float for AZI is 46.76M and currently, short sellers hold a 0.42% of that float. On December 20, 2024, AZI’s average trading volume was 901.53K shares.
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AZI’s Market Performance
AZI stock saw a decrease of -19.36% in the past week, with a monthly decline of -57.99% and a quarterly a decrease of -0.01%. The volatility ratio for the week is 10.79%, and the volatility levels for the last 30 days are 18.59% for Autozi Internet Technology (Global) Ltd (AZI). The simple moving average for the past 20 days is -19.26% for AZI’s stock, with a -26.10% simple moving average for the past 200 days.
AZI Trading at -23.72% from the 50-Day Moving Average
After a stumble in the market that brought AZI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -75.31% of loss for the given period.
Volatility was left at 18.59%, however, over the last 30 days, the volatility rate increased by 10.79%, as shares sank -50.01% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.70% upper at present.
During the last 5 trading sessions, AZI fell by -19.36%, in comparison to the 20-day moving average, which settled at $1.2385. In addition, Autozi Internet Technology (Global) Ltd saw -61.84% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for AZI
The liquidity ratio also appears to be rather interesting for investors as it stands at 0.25.
Conclusion
To wrap up, the performance of Autozi Internet Technology (Global) Ltd (AZI) 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.
