The simple moving average for the past 20 days is 29.26% for NTCL’s stock, with a 31.23% simple moving average for the past 200 days.
Is It Worth Investing in NetClass Technology Inc (NASDAQ: NTCL) Right Now?
On January 16, 2025, the average trading volume of NTCL was 293.37K shares.
NTCL) stock’s latest price update
NetClass Technology Inc (NASDAQ: NTCL) has experienced a rise in its stock price by 2.90 compared to its previous closing price of 7.58. However, the company has seen a gain of 16.59% in its stock price over the last five trading days. globenewswire.com reported 2025-01-03 that SHANGHAI and HONG KONG, Jan. 03, 2025 (GLOBE NEWSWIRE) — NETCLASS TECHNOLOGY INC (the “Company” or “NETCLASS”), a leading B2B smart education IT solutions provider with offices in Shanghai, Hong Kong, and Singapore, today announced that the underwriters of its previously announced initial public offering (the “Offering”) have exercised their over-allotment option (the “Over-Allotment Option”) in full to purchase an additional 270,000 Class A ordinary shares at the public offering price of $5.00 per share, resulting in additional gross proceeds of $1.35 million. After giving effect to the full exercise of the Over-Allotment Option, the total number of ordinary shares sold by the Company in the Offering increased to 2,070,000 Class A ordinary shares and the gross proceeds increased to $10.35 million, before deducting underwriting discounts and other related expenses. The Over-Allotment Option closing date was January 03, 2025. Shares of the Company’s stock began trading on the Nasdaq Capital Market under the symbol “NTCL” on December 13, 2024.
NTCL Trading at 31.23% from the 50-Day Moving Average
After a stumble in the market that brought NTCL to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -1.89% of loss for the given period.
During the last 5 trading sessions, NTCL rose by +16.14%, in comparison to the 20-day moving average, which settled at $6.03. In addition, NetClass Technology Inc saw 33.33% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for NTCL
The liquidity ratio also appears to be rather interesting for investors as it stands at 1.92.
Conclusion
To sum up, NetClass Technology Inc (NTCL) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
