Graphjet Technology (NASDAQ: GTI) is -49.69% 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 $0.43 in the last trading session, with the day’s gains setting it 0.02%.
Currently trading at $0.45, the stock is -27.49% and -74.91% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 16.79 million and changing 5.97% at the moment leaves the stock -88.26% off its SMA200. GTI registered -96.05% loss for a year compared to 6-month loss of -90.91%. The firm has a 50-day simple moving average (SMA 50) of $1.8383 and a 200-day simple moving average (SMA200) of $3.888135.
The stock witnessed a -66.46% gain in the last 1 month and extending the period to 3 months gives it a -82.98%, and is -33.39% 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 42.21% over the week and 72.88% over the month.
Graphjet Technology (GTI) has around 20 employees, a market worth around $66.44M and $0.00M in sales. Current P/E ratio is 41.54. Distance from 52-week low is 144.76% and -96.77% 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 98.01M with Short Float at 3.92%.
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 2,490,517 shares of the company’s common stock on Jan 14 ’25 at a price of $0.46 per share for a total of $1.15 million. Following the sale, the insider now owns 0.0 shares.
Graphjet Technology disclosed in a document filed with the SEC on Jan 13 ’25 that SURIA SUKSES ENGINEERING SDN B (10% Owner) sold a total of 2,000,000 shares of the company’s common stock. The trade occurred on Jan 13 ’25 and was made at $0.42 per share for $0.84 million. Following the transaction, the insider now directly holds 2.49 million shares of the GTI stock.
Still, SEC filings show that on Jan 10 ’25, SURIA SUKSES ENGINEERING SDN B (10% Owner) disposed off 2,500,000 shares at an average price of $0.46 for $1.15 million. The insider now directly holds 4,490,517 shares of Graphjet Technology (GTI).
