How Worried Should Investors Be About Starbox Group Holdings Ltd (STBX)

Starbox Group Holdings Ltd (NASDAQ:STBX) does about 107.32K shares in volume on a normal day but saw 1114976 shares change hands in the recent trading day. The company now has a market cap of 39.72M USD. Its current market price is $0.17, marking an increase of 11.62% compared to the previous close of $0.15. The 52 week high reached by this stock is $3.92 whilst the lowest price level in 52 weeks is $0.10.

Starbox Group Holdings Ltd (STBX) has a 20-day trading average at $0.1597 and the current price is -95.71% off the 52-week high compared with 73.86% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.1704 and its 200-day simple moving average is $0.2327. If we look at the stock’s price movements over the week, volatility stands at 7.77%, which increases to 10.65% 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 54.00 to suggest the stock is neutral.

The current price level is 5.27%, -1.43%, and -28.19% away from its SMA20, SMA50, and SMA200 respectively, with the STBX price moving above the 50-day SMA on current market day. Starbox Group Holdings Ltd (STBX) stock is up 10.29% over the week and -0.94% over the past month. Its price is -36.25% year-to-date and -94.93% over the past year.

Outstanding shares total 236.00M with insiders holding 16.46% of the shares and institutional holders owning 0.11% of the company’s common stock. The beta has a value of 1.94. Price to book ratio is 0.21.