Primega Group Holdings Ltd (NASDAQ:ZDAI) price on Wednesday, May 21, rose 8.20% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $0.78.
A look at the stock’s price movement, the close in the last trading session was $0.72. Turning to its 52-week performance, $107.36 and $0.37 were the 52-week high and 52-week low respectively. Overall, ZDAI moved 66.78% over the past month.
Primega Group Holdings Ltd’s market cap currently stands at around $20.62 million, with investors looking forward to this quarter’s earnings report slated for in June.
Turning to the stock’s technical picture we see that short term indicators suggest on average that ZDAI is a Hold. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
ZDAI’s current price about 40.62% and 46.70% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 61.02, while 7-day volatility ratio is 24.59% and 17.65% in the 30-day chart. Further, Primega Group Holdings Ltd (ZDAI) has a beta value of 0, and an average true range (ATR) of 0.12.
If we refocus on Primega Group Holdings Ltd (NASDAQ:ZDAI), historical trading data shows that trading volumes averaged 732.25K over the past 3 months. The company’s latest data on shares outstanding shows there are 24.00 million shares.
The 74.33% of Primega Group Holdings Ltd’s shares are in the hands of company insiders while institutional holders own 0.95% of the company’s shares. Current price change has pushed the stock -44.60% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the ZDAI stock continues to rise going into the next quarter.
