Premium Catering (Holdings) Ltd (NASDAQ: PC)’s stock price has dropped by -4.72 in relation to previous closing price of 0.74. Nevertheless, the company has seen a loss of -6.95% in its stock price over the last five trading days. globenewswire.com reported 2024-12-16 that SINGAPORE, Dec. 16, 2024 (GLOBE NEWSWIRE) — Premium Catering (Holdings) Limited (NASDAQ: PC) disclosed that it had received a notice (the “MLVS Notice”) from the Nasdaq Stock Market LLC (“Nasdaq”) that the Company is currently not in compliance with the minimum market value of listing securities (the “MVLS”) of $35,000,000 for continued listing of the Company’s ordinary shares (the “Ordinary Shares”) on the Nasdaq Capital Market, as set forth in Nasdaq Listing Rule 5550(b)(2) (the “MLVS Requirement”). Nasdaq calculates the MVLS based upon the most recent total shares outstanding multiplied by the closing bid price. The MVLS Notice indicated that the Company has 180 days, or until June 9, 2025 (the “Compliance Deadline”), to regain compliance with the MLVS Requirement by having its MVLS close at $35,000,000 or more for a minimum of ten consecutive business days. If at any time prior to June 9, 2025, the Company’s MVLS closes at $35,000,000 or more for a minimum of ten consecutive business days, Nasdaq will provide a written confirmation of compliance and the matter regarding the Company’s MLVS will be closed. Receipt of the MVLS Notice does not result in the immediate delisting of the Company’s ordinary shares and has no immediate effect on the listing or the trading of the Company’s ordinary shares on the The Nasdaq Capital Market under the symbol “PC”.
Is It Worth Investing in Premium Catering (Holdings) Ltd (NASDAQ: PC) Right Now?
The public float for PC is 5.45M, and currently, short sellers hold a 0.49% ratio of that floaft. The average trading volume of PC on December 26, 2024 was 422.73K shares.
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PC’s Market Performance
PC’s stock has seen a -6.95% decrease for the week, with a -0.66% drop in the past month and a -81.06% fall in the past quarter. The volatility ratio for the week is 14.13%, and the volatility levels for the past 30 days are at 11.38% for Premium Catering (Holdings) Ltd The simple moving average for the past 20 days is -13.85% for PC’s stock, with a -61.78% simple moving average for the past 200 days.
PC Trading at -37.29% from the 50-Day Moving Average
After a stumble in the market that brought PC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -87.71% of loss for the given period.
Volatility was left at 11.38%, however, over the last 30 days, the volatility rate increased by 14.13%, as shares sank -14.12% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -81.75% lower at present.
During the last 5 trading sessions, PC fell by -6.95%, in comparison to the 20-day moving average, which settled at $0.8177. In addition, Premium Catering (Holdings) Ltd saw -81.06% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for PC
The liquidity ratio also appears to be rather interesting for investors as it stands at 0.28.
Conclusion
In a nutshell, Premium Catering (Holdings) Ltd (PC) has experienced a bad performance in recent times. The stock has received mixed “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.
