ScanTech AI Systems Inc (NASDAQ:STAI) shares, rose in value on Thursday, May 08, with the stock price down by -4.58% to the previous day’s close as strong demand from buyers drove the stock to $1.46.
Actively observing the price movement in the last trading, the stock closed the session at $1.53. The PE ratio was 7.93 over 12-month period. Referring to stock’s 52-week performance, its high was $12.19, and the low was $1.23. On the whole, STAI has fluctuated by -9.32% over the past month.
With the market capitalization of ScanTech AI Systems Inc currently standing at about $35.75 million, investors are eagerly awaiting this quarter’s results, scheduled for in June.
The stock’s technical analysis shows that the price of STAI currently trading nearly -12.36% and -24.51% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 35.96, while the 7-day volatility ratio is showing 16.21% which for the 30-day chart, stands at 10.38%. Furthermore, ScanTech AI Systems Inc (STAI)’s beta value is -0.22, and its average true range (ATR) is 0.22.
A comparison of ScanTech AI Systems Inc (STAI) with its peers suggests the former has fared considerably weaker in the market. STAI showed an intraday change of -4.58% in last session, and over the past year, it shrunk by -86.23%%.
Data on historical trading for ScanTech AI Systems Inc (NASDAQ:STAI) indicates that the trading volumes over the past 3 months, they’ve averaged 5.43 million. According to company’s latest data on outstanding shares, there are 24.48 million shares outstanding.
Nearly 9.95% of ScanTech AI Systems Inc’s shares belong to company insiders and institutional investors own 27.01% of the company’s shares. The stock has fallen by -84.39% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the STAI stock heading into the next quarter.
