Clean Energy Technologies Inc (NASDAQ:CETY) price on Thursday, March 28, fall -7.36% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $1.07.
A look at the stock’s price movement, the close in the last trading session was $1.15. The beta value (5-Year monthly) was 0.30. Turning to its 52-week performance, $4.30 and $0.45 were the 52-week high and 52-week low respectively. Overall, CETY moved 55.05% over the past month.
Clean Energy Technologies Inc’s market cap currently stands at around $39.81 million, with investors looking forward to this quarter’s earnings report slated for Apr 15, 2024 – Apr 19, 2024.
Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that CETY is a Hold. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
CETY’s current price about 33.68% and 33.03% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 65.71, while 7-day volatility ratio is 13.28% and 9.62% in the 30-day chart. Further, Clean Energy Technologies Inc (CETY) has a beta value of 0.38, and an average true range (ATR) of 0.11.
If we refocus on Clean Energy Technologies Inc (NASDAQ:CETY), historical trading data shows that trading volumes averaged 0.15 million over the past 10 days and 780.21K over the past 3 months. The company’s latest data on shares outstanding shows there are 37.17 million shares.
The 70.84% of Clean Energy Technologies Inc’s shares are in the hands of company insiders while institutional holders own 0.49% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 0.19 million on Mar 15, 2024, giving us a short ratio of 0.75. The data shows that as of Mar 15, 2024 short interest in Clean Energy Technologies Inc (CETY) stood at 0.47% of shares outstanding, with shares short rising to 66570.0 registered in Feb 15, 2024. Current price change has pushed the stock -28.67% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the CETY stock continues to rise going into the next quarter.
