Crown LNG Holdings Ltd (CGBS) Is Down -97.23% in 2024 With Lots of Room to Run

Crown LNG Holdings Ltd (NASDAQ: CGBS) is -97.23% lower on its value in year-to-date trading and has touched a low of $0.25 and a high of $12.70 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 CGBS stock was last observed hovering at around $0.27 in the last trading session, with the day’s gains setting it 0.04%.

Currently trading at $0.31, the stock is 7.43% and -0.83% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.03 million and changing 15.79% at the moment leaves the stock -95.37% off its SMA200. CGBS registered -97.05% loss for a year compared to 6-month loss of -97.28%. The firm has a 50-day simple moving average (SMA 50) of $0.3125 and a 200-day simple moving average (SMA200) of $0.6022561.

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The stock witnessed a 6.57% gain in the last 1 month and extending the period to 3 months gives it a -30.00%, and is 5.73% up 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 8.98% over the week and 10.31% over the month.

Crown LNG Holdings Ltd (CGBS) has around 4 employees, a market worth around $2.40M and $0.00M in sales. Distance from 52-week low is 20.78% and -97.57% from its 52-week high. The company has generated returns on investments over the last 12 months (-161.44%).