The trading price of Qilian International Holding Group ltd (NASDAQ:QLI) closed higher on Thursday, March 29, closing at $0.69, 13.08% higher than its previous close.
In examining the 52-week price action we see that the stock hit a 52-week high of $1.35 and a 52-week low of $0.36. Over the past month, the stock has gained 68.27% in value.
Qilian International Holding Group ltd, whose market valuation is $24.66 million at the time of this writing, is expected to release its quarterly earnings report Apr 19, 2024 – Apr 24, 2024. Investors’ optimism about the company’s current quarter earnings report is understandable.
A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Qilian International Holding Group ltd No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest QLI has a 50% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a Hold, while an average of long term indicators suggests that the stock is currently 50% Buy.
A quick review shows that QLI’s price is currently 20.87% off the SMA20 and 21.81% off the SMA50. The RSI metric on the 14-day chart is currently showing 63.50, and weekly volatility stands at 9.83%. When measured over the past 30 days, the indicator reaches 11.86%. Qilian International Holding Group ltd (NASDAQ:QLI)’s beta value is currently sitting at 1.46, while the Average True Range indicator is currently displaying 0.06.
To see how Qilian International Holding Group ltd stock has been performing in comparison to its peers in the industry, here are the numbers: QLI stock’s performance was 13.08% in the latest trading, and -49.58% in the past year.
An evaluation of the daily trading volume of Qilian International Holding Group ltd (NASDAQ:QLI) indicates that the 3-month average is 39.10K. However, this figure has increased over the past 10 days to an average of 0.34 million.
Currently, records show that 35.75 million of the company’s shares remain outstanding. The insiders hold 77.45% of outstanding shares, whereas institutions hold 0.08%. The stats also highlight that short interest as of Mar 15, 2024, stood at 64640.0 shares, resulting in a short ratio of 0.91 at that time. From this, we can conclude that short interest is 0.18% of the company’s total outstanding shares. It is noteworthy that short shares in March were up slightly from the previous month’s figure, which was 10630.0. However, since the stock’s price has seen -10.57% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
