Banzai International Inc (BNZI): The Latest Casualty Of Increased Volatility?

Banzai International Inc (NASDAQ:BNZI) does about 3.65M shares in volume on a normal day but saw 701079 shares change hands in Tuesday’s trading. The company now has a market cap of 4.59M USD. Its current market price is $0.17, marking a decrease of -0.99% compared to the previous close of $0.17. The 52 week high reached by this stock is $16.57 whilst the lowest price level in 52 weeks is $0.16.

Banzai International Inc (BNZI) has a 20-day trading average at $0.1852 and the current price is -98.97% off the 52-week high compared with 5.24% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.2703 and its 200-day simple moving average is $4.3055. If we look at the stock’s price movements over the week, volatility stands at 7.05%, which increases to 14.46% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 36.62 to suggest the stock is neutral.

The consensus objective for the share price is $3.25, suggesting that the stock has a potential upside of 94.77% over the period.

Banzai International Inc (BNZI) stock is up 1.55% over the week and 0.71% over the past month. Its price is -90.92% year-to-date and -98.36% over the past year.

To reach the target analysts have set, the stock logically needs to grow 94.77 percent from here.

The company has a return on equity of -364.76%. The beta has a value of -0.61. Price to sales ratio is 1.40.