Graphjet Technology (NASDAQ: GTI) is -81.79% lower on its value in year-to-date trading and has touched a low of $1.87 and a high of $14.00 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 GTI stock was last observed hovering at around $2.77 in the last trading session, with the day’s loss setting it -0.71%.
Currently trading at $2.06, the stock is -28.14% and -21.20% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.8 million and changing -25.63% at the moment leaves the stock -57.54% off its SMA200. GTI registered -81.47% loss for a year compared to 6-month loss of -63.05%. The firm has a 50-day simple moving average (SMA 50) of $2.63058 and a 200-day simple moving average (SMA200) of $4.900245.
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The stock witnessed a -19.37% gain in the last 1 month and extending the period to 3 months gives it a -11.97%, and is -17.93% 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 27.30% over the week and 17.26% over the month.
Graphjet Technology (GTI) has around 20 employees, a market worth around $303.38M and $0.00M in sales. Current P/E ratio is 188.99. Distance from 52-week low is 10.16% and -85.29% from its 52-week high.
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Graphjet Technology (GTI) Top Institutional Holders
The shares outstanding are 146.74M, and float is at 78.73M with Short Float at 0.13%.
Graphjet Technology (GTI) Insider Activity
The most recent transaction is an insider sale by Hoo Swee Guan, the company’s Director. SEC filings show that Hoo Swee Guan sold 30,000 shares of the company’s common stock on Dec 06 ’24 at a price of $2.79 per share for a total of $83700.0. Following the sale, the insider now owns 1.44 million shares.
Graphjet Technology disclosed in a document filed with the SEC on Dec 04 ’24 that Doris Wong Sing Ee (Director) sold a total of 165,591 shares of the company’s common stock. The trade occurred on Dec 04 ’24 and was made at $3.16 per share for $0.52 million. Following the transaction, the insider now directly holds 1.18 million shares of the GTI stock.
Still, SEC filings show that on Dec 02 ’24, Doris Wong Sing Ee (Director) disposed off 100,000 shares at an average price of $2.81 for $0.28 million. The insider now directly holds 1,345,491 shares of Graphjet Technology (GTI).
