Graphjet Technology (NASDAQ: GTI) is -88.13% lower on its value in year-to-date trading and has touched a low of $0.07 and a high of $7.51 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 $0.11 in the last trading session, with the day’s loss setting it 0.0%.
Currently trading at $0.11, the stock is 0.62% and -17.61% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.75 million and changing -0.19% at the moment leaves the stock -93.13% off its SMA200. GTI registered -98.49% loss for a year compared to 6-month loss of -95.40%. The firm has a 50-day simple moving average (SMA 50) of $0.12966 and a 200-day simple moving average (SMA200) of $1.555545.
The stock witnessed a 11.13% gain in the last 1 month and extending the period to 3 months gives it a -66.06%, and is -11.00% 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 11.37% over the week and 18.91% over the month.
Distance from 52-week low is 63.30% and -98.58% from its 52-week high.
10.0 institutions hold shares in Graphjet Technology (GTI), with institutional investors hold 1.06% of the company’s shares. The shares outstanding are 146.74M, and float is at 108.58M with Short Float at 2.61%. Institutions hold 0.51% of the Float.
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).
