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Is This The Right Time To Buy Golden Sun Health Technology Group Ltd (NASDAQ: GSUN) Stock?

Golden Sun Health Technology Group Ltd (NASDAQ:GSUN) price closed higher on Friday, February 09, jumping 1.02% above its previous close.

Taking into account the 52-week price action we note that the stock hit a 52-week high of $3.12 and 52-week low of $0.43. The stock added 70.00% 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. On the technical perspective front, indicators give GSUN a short term outlook of 50% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a Hold, while an average of long term indicators are currently assigning the stock as 50% Buy.

The overview shows that GSUN’s price is at present -27.16% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 77.70, with weekly volatility standing at 11.81%. The indicator jumps to 12.67% when calculated based on the past 30 days. Golden Sun Health Technology Group Ltd (NASDAQ:GSUN)’s beta value is holding at 1.30, while the average true range (ATR) indicator is currently reading 0.10.

An analysis of the Golden Sun Health Technology Group Ltd (NASDAQ:GSUN) stock in terms of its daily trading volume indicates that the 3-month average is 20.72. However, this figure increases on the past 10-day timeline to an average of 0.38 million.

Current records show that the company has 15.06M in outstanding shares. The insiders’ percentage holdings are 36.15% of outstanding shares while the percentage share held by institutions stands at 0.08%. The stats also highlight that short interest as of Jan 31, 2024, stood at 0.31 million shares, which puts the short ratio at the time at 4.6. From this we can glean that short interest is 1.67% of company’s current outstanding shares. Notably, we see that shares short in January rose slightly given the previous month’s figure stood at 0.26 million. But the 72.73% upside, 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.