Major Improvements In Sentage Holdings Inc (SNTG) Stock Need To Be Considered

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Sentage Holdings Inc (NASDAQ:SNTG) price on Thursday, March 28, rose 7.93% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $2.45.

A look at the stock’s price movement, the close in the last trading session was $2.27. The beta value (5-Year monthly) was 2.59. Turning to its 52-week performance, $9.63 and $1.44 were the 52-week high and 52-week low respectively. Overall, SNTG moved -4.67% over the past month.

Sentage Holdings Inc’s market cap currently stands at around $6.88 million.

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 SNTG is a 50% Buy. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.

SNTG’s current price about 0.79% and -3.34% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 50.36, while 7-day volatility ratio is 6.50% and 8.48% in the 30-day chart. Further, Sentage Holdings Inc (SNTG) has a beta value of 2.55, and an average true range (ATR) of 0.24.

If we refocus on Sentage Holdings Inc (NASDAQ:SNTG), historical trading data shows that trading volumes averaged 44730.0 over the past 10 days and 1.45 million over the past 3 months. The company’s latest data on shares outstanding shows there are 2.81 million shares.

The 62.24% of Sentage Holdings Inc’s shares are in the hands of company insiders while institutional holders own 0.05% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 14570.0 on Mar 15, 2024, giving us a short ratio of 0.21. The data shows that as of Mar 15, 2024 short interest in Sentage Holdings Inc (SNTG) stood at 0.52% of shares outstanding, with shares short falling to 0.12 million registered in Feb 15, 2024. Current price change has pushed the stock -51.00% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the SNTG stock continues to rise going into the next quarter.

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