Crown ElectroKinetics Corp (NASDAQ:CRKN) shares, rose in value, with the stock price up by 1.02% to the previous day’s close as strong demand from buyers drove the stock to $0.05.
Actively observing the price movement in the last trading, the stock closed the session at $0.05. The value of beta (5-year monthly) was 1.09. Referring to stock’s 52-week performance, its high was $16.66, and the low was $0.05. On the whole, CRKN has fluctuated by -45.60% over the past month.
With the market capitalization of Crown ElectroKinetics Corp currently standing at about $1.53 million, investors are eagerly awaiting this quarter’s results, scheduled for May 14, 2024 – May 20, 2024.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that CRKN’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of CRKN currently trading nearly -25.43% and -47.03% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 20.60, while the 7-day volatility ratio is showing 10.67% which for the 30-day chart, stands at 10.51%. Furthermore, Crown ElectroKinetics Corp (CRKN)’s beta value is 1.05, and its average true range (ATR) is 0.01.
A comparison of Crown ElectroKinetics Corp (CRKN) with its peers suggests the former has fared considerably weaker in the market. CRKN showed an intraday change of 1.02% in last session, and over the past year, it shrunk by -99.43%%.
Data on historical trading for Crown ElectroKinetics Corp (NASDAQ:CRKN) indicates that the trading volumes over the past 10 days have averaged 4.85 million and over the past 3 months, they’ve averaged 3.02 million. According to company’s latest data on outstanding shares, there are 30.87 million shares outstanding.
Nearly 0.07% of Crown ElectroKinetics Corp’s shares belong to company insiders and institutional investors own 2.15% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 0.69 million shares as on Mar 15, 2024, resulting in a short ratio of 0.24. According to the data, the short interest in Crown ElectroKinetics Corp (CRKN) stood at 2.22% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 0.53 million. The stock has fallen by -66.44% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CRKN stock heading into the next quarter.
