ScanTech AI Systems Inc (NASDAQ:STAI) price on Thursday, March 20, rose 18.52% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $2.88.
A look at the stock’s price movement, the close in the last trading session was $2.43, moving within a range at $2.4 and $3.0. The beta value (5-Year monthly) was -0.693 while the PE ratio in trailing twelve months stood at 15.64. Turning to its 52-week performance, $12.19 and $1.23 were the 52-week high and 52-week low respectively. Overall, STAI moved -8.28% over the past month.
ScanTech AI Systems Inc’s market cap currently stands at around $59.72 million, with investors looking forward to this quarter’s earnings report slated for in April.
STAI’s current price about 31.99% and 42.85% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 60.47, while 7-day volatility ratio is 16.33% and 21.31% in the 30-day chart. Further, ScanTech AI Systems Inc (STAI) has a beta value of -0.74, and an average true range (ATR) of 0.45.
If we refocus on ScanTech AI Systems Inc (NASDAQ:STAI), historical trading data shows that trading volumes averaged 0.74 over the past 10 days and 7.15 million over the past 3 months. The company’s latest data on shares outstanding shows there are 20.74 million shares.
The 9.95% of ScanTech AI Systems Inc’s shares are in the hands of company insiders while institutional holders own 31.83% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 1.13 million on 2025-02-28, giving us a short ratio of 0.08. Current price change has pushed the stock -69.20% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the STAI stock continues to rise going into the next quarter.
