Groupon Inc (NASDAQ:GRPN) shares, rose in value, with the stock price up by 8.21% to the previous day’s close as strong demand from buyers drove the stock to $11.47.
Actively observing the price movement in the last trading, the stock closed the session at $10.60. The value of beta (5-year monthly) was 1.66. Referring to stock’s 52-week performance, its high was $19.56, and the low was $2.89. On the whole, GRPN has fluctuated by -11.15% over the past month.
With the market capitalization of Groupon Inc currently standing at about $446.53 million, investors are eagerly awaiting this quarter’s results, scheduled for May 08, 2024 – May 13, 2024.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that GRPN’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of GRPN currently trading nearly 4.50% and -21.50% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 47.44, while the 7-day volatility ratio is showing 9.14% which for the 30-day chart, stands at 7.40%. Furthermore, Groupon Inc (GRPN)’s beta value is 1.70, and its average true range (ATR) is 0.95.
A comparison of Groupon Inc (GRPN) with its peers suggests the former has fared considerably weaker in the market. GRPN showed an intraday change of 8.21% in last session, and over the past year, it grew by 210.00%%.
Data on historical trading for Groupon Inc (NASDAQ:GRPN) indicates that the trading volumes over the past 3 months, they’ve averaged 1.25 million. According to company’s latest data on outstanding shares, there are 31.85 million shares outstanding.
Nearly 46.49% of Groupon Inc’s shares belong to company insiders and institutional investors own 34.65% of the company’s shares. The stock has fallen by -10.67% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the GRPN stock heading into the next quarter.
