C3is Inc (CISS) Is Down -77.01% in 2024 With Lots of Room to Run

C3is Inc (NASDAQ: CISS) is -77.01% lower on its value in year-to-date trading and has touched a low of $0.11 and a high of $20.00 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CISS stock was last observed hovering at around $0.12 in the last trading session, with the day’s loss setting it 0.0%.

Currently trading at $0.12, the stock is -38.19% and -68.74% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.08 million and changing -1.77% at the moment leaves the stock -83.21% off its SMA200. CISS registered a loss of -80.34% in past 6-months. The firm has a 50-day simple moving average (SMA 50) of $0.71 and a 200-day simple moving average (SMA200) of $2.51.

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The stock witnessed a -73.69% gain in the last 1 month and extending the period to 3 months gives it a -71.67%, and is -17.87% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 8.47% over the week and 15.71% over the month.

Distance from 52-week low is 11.23% and -99.39% from its 52-week high.

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C3is Inc (CISS) Top Institutional Holders

11 institutions hold shares in C3is Inc (CISS), with institutional investors hold 0.21% of the company’s shares. The shares outstanding are 28.31M, and float is at 26.70M with Short Float at 14.04%. Institutions hold 0.18% of the Float.

The top institutional shareholder in the company is Armistice Capital, LLC with over 0.1 million shares valued at $0.11 million. The investor’s holdings represent 1.90% of the CISS Shares outstanding. As of Jun 29, 2023, the second largest holder is Boothbay Fund Management, LLC with 14998.0 shares valued at $16647.0 to account for 0.28% of the shares outstanding. The other top investors are Credit Suisse Ag/ which holds 10866.0 shares representing 0.20% and valued at over $12061.0, while Group One Trading, L.P. holds 0.06% of the shares totaling 3050.0 with a market value of $3385.0.