Crown ElectroKinetics Corp (CRKN) Is A Possible Investment At Current Levels

Crown ElectroKinetics Corp (NASDAQ:CRKN) price on Thursday, May 09,rose 9.81% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $0.05.

A look at the stock’s price movement, the close in the last trading session was $0.04. Turning to its 52-week performance, $14.16 and $0.04 were the 52-week high and 52-week low respectively. Overall, CRKN moved -12.15% over the past month.

Crown ElectroKinetics Corp’s market cap currently stands at around $2.43 million.

Turning to the stock’s technical picture we see that short term indicators suggest on average that CRKN is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.

CRKN’s current price about -5.05% and -22.25% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 41.72, while 7-day volatility ratio is 12.44% and 13.56% in the 30-day chart. Further, Crown ElectroKinetics Corp (CRKN) has a beta value of 1.03, and an average true range (ATR) of 0.01.

If we refocus on Crown ElectroKinetics Corp (NASDAQ:CRKN), historical trading data shows that trading volumes averaged 4.73 million over the past 3 months. The company’s latest data on shares outstanding shows there are 51.70 million shares.

The 1.07% of Crown ElectroKinetics Corp’s shares are in the hands of company insiders while institutional holders own 1.29% of the company’s shares. Current price change has pushed the stock -68.14% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the CRKN stock continues to rise going into the next quarter.

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