GSI Technology Inc (NASDAQ:GSIT) shares, rose in value on Thursday, April 16, with the stock price down by -4.74% to the previous day’s close as strong demand from buyers drove the stock to $2.61.
Actively observing the price movement in the last trading, the stock closed the session at $2.74, falling within a range of $2.5809 and $2.74. The value of beta (5-year monthly) was 1.166. Referring to stock’s 52-week performance, its high was $4.90, and the low was $1.62. On the whole, GSIT has fluctuated by -2.25% over the past month.
With the market capitalization of GSI Technology Inc currently standing at about $66.82 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2023-May-15.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that GSIT’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 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 price of GSIT currently trading nearly 12.38% and -2.50% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 54.58, while the 7-day volatility ratio is showing 7.51% which for the 30-day chart, stands at 9.06%. Furthermore, GSI Technology Inc (GSIT)’s beta value is 0.98, and its average true range (ATR) is 0.21.
A comparison of GSI Technology Inc (GSIT) with its peers suggests the former has fared considerably weaker in the market. GSIT showed an intraday change of -4.74% in last session, and over the past year, it shrunk by -33.08%%.
Data on historical trading for GSI Technology Inc (NASDAQ:GSIT) indicates that the trading volumes over the past 10 days have averaged 0.22 and over the past 3 months, they’ve averaged 1.70 million. According to company’s latest data on outstanding shares, there are 25.60 million shares outstanding.
Nearly 25.41% of GSI Technology Inc’s shares belong to company insiders and institutional investors own 10.92% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 0.72 million shares as on 2025-03-31, resulting in a short ratio of 5.3. According to the data, the short interest in GSI Technology Inc (GSIT) stood at 349.00 of shares outstanding as of 2025-03-31; the number of short shares registered in 2025-02-28 reached 0.83 million. The stock has fallen by -13.86% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the GSIT stock heading into the next quarter.
