Kintara Therapeutics Inc (NASDAQ: KTRA) Trading above Its 20 Day MA ($0.2040), Why Showing An Interesting Price Pattern?

Kintara Therapeutics Inc (NASDAQ:KTRA) does about 11.16M shares in volume on a normal day but saw 1968323 shares change hands in the recent trading day. The company now has a market cap of 11.59M USD. Its current market price is $0.21, marking an increase of 10.96% compared to the previous close of $0.19. The 52 week high reached by this stock is $5.00 whilst the lowest price level in 52 weeks is $0.08.

Kintara Therapeutics Inc (KTRA) has a 20-day trading average at $0.2040 and the current price is -95.81% off the 52-week high compared with 158.77% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.2353 and its 200-day simple moving average is $0.1964. If we look at the stock’s price movements over the week, volatility stands at 7.64%, which increases to 10.99% 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 49.28 to suggest the stock is neutral.

The consensus objective for the share price is $14.00, suggesting that the stock has a potential upside of 98.5% over the period.

4 analysts have rated it as a buy and 2 have advised that investors hold their positions. The consensus recommendation rating is Buy and Wall Street’s advice is for investors to Moderate Buy the stock.

Kintara Therapeutics Inc (KTRA) stock is up 13.05% over the week and -23.56% over the past month. Its price is 23.58% year-to-date and -93.69% over the past year.

To reach the target analysts have set, the stock logically needs to grow 98.5 percent from here.

The company has a return on investment of -160.62% and return on equity of -192.23%. The beta has a value of 0.82.