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Take A Look At This C3is Inc (NASDAQ: CISS) Analysis Before Investing

C3is Inc (NASDAQ:CISS) price closed higher on Friday, November 17, jumping 13.67% above its previous close.

A look at the daily price movement shows that the last close reads $0.42, with intraday deals fluctuated between $0.4126 and $0.54. Taking into account the 52-week price action we note that the stock hit a 52-week high of $20.00 and 52-week low of $0.36. The stock added 12.86% on its value in the past month.

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Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews.

The overview shows that CISS’s price is at present 14.05% off the SMA20 and 14.19% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 59.07, with weekly volatility standing at 15.20%. The indicator jumps to 12.07% when calculated based on the past 30 days. C3is Inc (NASDAQ:CISS)’s beta value is holding at 0, while the average true range (ATR) indicator is currently reading 0.06.

An analysis of the C3is Inc (NASDAQ:CISS) stock in terms of its daily trading volume indicates that the 3-month average is 455.10K. However, this figure increases on the past 10-day timeline to an average of 1.39 million.

The percentage share held by institutions stands at 0.89%. The stats also highlight that short interest as of Sep 28, 2023, stood at 0.1 million shares, which puts the short ratio at the time at 0.28. From this we can glean that short interest is 1.54% of company’s current outstanding shares. Notably, we see that shares short in September rose slightly given the previous month’s figure stood at 4040.0. But the -95.26% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.