Graphjet Technology (NASDAQ: GTI) is -95.31% lower on its value in year-to-date trading and has touched a low of $0.19 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 $0.23 in the last trading session, with the day’s gains setting it 0.38%.
Currently trading at $0.61, the stock is -62.57% and -71.86% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 265.47 million and changing 168.72% at the moment leaves the stock -86.23% off its SMA200. GTI registered -95.35% loss for a year compared to 6-month loss of -88.20%. The firm has a 50-day simple moving average (SMA 50) of $2.20958 and a 200-day simple moving average (SMA200) of $4.4888.
The stock witnessed a -82.09% gain in the last 1 month and extending the period to 3 months gives it a -82.39%, and is -10.34% 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 107.84% over the week and 54.25% over the month.
Graphjet Technology (GTI) has around 20 employees, a market worth around $240.53M and $0.00M in sales. Current P/E ratio is 55.96. Distance from 52-week low is 229.73% and -95.64% from its 52-week high.
The shares outstanding are 146.74M, and float is at 82.48M with Short Float at 0.12%.
Graphjet Technology (GTI) Insider Activity
The most recent transaction is an insider sale by SURIA SUKSES ENGINEERING SDN B, the company’s 10% Owner. SEC filings show that SURIA SUKSES ENGINEERING SDN B sold 2,500,000 shares of the company’s common stock on Dec 20 ’24 at a price of $0.20 per share for a total of $0.5 million. Following the sale, the insider now owns 22.98 million shares.
Graphjet Technology disclosed in a document filed with the SEC on Dec 18 ’24 that SURIA SUKSES ENGINEERING SDN B (10% Owner) sold a total of 869,216 shares of the company’s common stock. The trade occurred on Dec 18 ’24 and was made at $0.49 per share for $0.43 million. Following the transaction, the insider now directly holds 26.4 million shares of the GTI stock.
Still, SEC filings show that on Dec 19 ’24, SURIA SUKSES ENGINEERING SDN B (10% Owner) disposed off 917,889 shares at an average price of $0.33 for $0.3 million. The insider now directly holds 25,482,895 shares of Graphjet Technology (GTI).
