With 79.56M Outstanding Shares, Can Lucas GC Ltd (NASDAQ: LGCL) Deliver Big Short-Term Gains?

Lucas GC Ltd (NASDAQ:LGCL) currently has a daily average trading volume of 344.12K but it saw 8525298 shares traded in last market. With a market cap of 107.07M USD, the company’s current market price of $1.35 came falling about -23.30 while comparing to the previous closing price of $1.76. In past 52 weeks, the stock remained buoying in the range of price level as high as $5.00 and as low as $1.75. In the recent trading on the day, stock has struck highest price mark of $1.24 while lowest mark touched by it was $1.62.

Taking a look at 20-day trading activity of Lucas GC Ltd (LGCL) gives us an average price of $2.3485, while its current price level is -73.00% below from 52-week high level whereas it is -22.86% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $2.2696. A closer look into the stock’s movement over the week reveals that its volatility is standing at 15.00% during that period while stretching the period over a month that decreases to 12.76%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 24.46 which implies that the stock is in oversold territory.

Over the week, LGCL’s stock price is moving -38.91% down while it is -32.50% when we observe its performance for the past one month. Year-to-date it is -62.60% down and over the past year.

Currently, Lucas GC Ltd’s total number of outstanding shares is 79.56M with 88.15% of that held by the insiders while 0.29% of its common stock has been owned by the institutions.