Graphjet Technology (NASDAQ: GTI)’s stock price has gone decline by -3.54 in comparison to its previous close of 0.29, however, the company has experienced a -9.58% decrease in its stock price over the last five trading days. globenewswire.com reported 2024-12-05 that Innovative technological leader to oversee all technical, operational, customer support and business development initiatives Innovative technological leader to oversee all technical, operational, customer support and business development initiatives
Is It Worth Investing in Graphjet Technology (NASDAQ: GTI) Right Now?
Graphjet Technology (NASDAQ: GTI) has a higher price-to-earnings ratio of 25.72x compared to its average ratio. GTI has 36-month beta value of 0.04.
The public float for GTI is 108.58M, and currently, short sellers hold a 1.09% ratio of that float. The average trading volume of GTI on February 24, 2025 was 16.45M shares.
GTI’s Market Performance
The stock of Graphjet Technology (GTI) has seen a -9.58% decrease in the past week, with a -15.06% drop in the past month, and a -91.10% fall in the past quarter. The volatility ratio for the week is 10.36%, and the volatility levels for the past 30 days are at 12.76% for GTI. The simple moving average for the past 20 days is -8.79% for GTI’s stock, with a -90.13% simple moving average for the past 200 days.
GTI Trading at -44.74% from the 50-Day Moving Average
After a stumble in the market that brought GTI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -98.00% of loss for the given period.
Volatility was left at 12.76%, however, over the last 30 days, the volatility rate increased by 10.36%, as shares sank -19.98% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -86.41% lower at present.
During the last 5 trading sessions, GTI fell by -9.68%, which changed the moving average for the period of 200-days by -96.24% in comparison to the 20-day moving average, which settled at $0.3073. In addition, Graphjet Technology saw -68.86% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at GTI starting from SURIA SUKSES ENGINEERING SDN B, who sale 2,490,517 shares at the price of $0.46 back on Jan 14 ’25. After this action, SURIA SUKSES ENGINEERING SDN B now owns 0 shares of Graphjet Technology, valued at $1,145,638 using the latest closing price.
SURIA SUKSES ENGINEERING SDN B, the 10% Owner of Graphjet Technology, sale 2,000,000 shares at $0.42 during a trade that took place back on Jan 13 ’25, which means that SURIA SUKSES ENGINEERING SDN B is holding 2,490,517 shares at $840,000 based on the most recent closing price.
Stock Fundamentals for GTI
The total capital return value is set at -3.04. Equity return is now at value -0.42, with -0.27 for asset returns.
Based on Graphjet Technology (GTI), the company’s capital structure generated -1.09 points at debt to capital in total, while cash flow to debt ratio is standing at -0.29. The debt to equity ratio resting at -0.52. The interest coverage ratio of the stock is -1197.27.
Currently, EBITDA for the company is -0.9 million with net debt to EBITDA at -0.28. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.17.
Conclusion
To put it simply, Graphjet Technology (GTI) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating 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.
