The Week Ahead: Are Investors Really Too Optimistic About Qualigen Therapeutics Inc (NASDAQ: QLGN)

Qualigen Therapeutics Inc (NASDAQ:QLGN) currently has a daily average trading volume of 12.74M but it saw 1859678 shares traded in last market. With a market cap of 1.99M USD, the company’s current market price of $0.16 came falling about -10.68 while comparing to the previous closing price of $0.18. In past 52 weeks, the stock remained buoying in the range of price level as high as $1.10 and as low as $0.14. In the recent trading on the day, stock has struck highest price mark of $0.141 while lowest mark touched by it was $0.1683.

Taking a look at 20-day trading activity of Qualigen Therapeutics Inc (QLGN) gives us an average price of $0.1976, while its current price level is -85.09% below from 52-week high level whereas it is 13.18% 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 $0.2244 while that of 200 days or SMA-200 reads an average of $0.3789. A closer look into the stock’s movement over the week reveals that its volatility is standing at 9.11% during that period while stretching the period over a month that decreases to 8.01%. 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 33.80 which implies that the stock is in neutral territory.

Over the week, QLGN’s stock price is moving -11.83% down while it is -20.54% when we observe its performance for the past one month. Year-to-date it is -70.18% down and over the past year, the stock is showing a downside performance of -83.92%.

Currently, Qualigen Therapeutics Inc’s total number of outstanding shares is 12.16M. Company’s return on equity (ROE) at -1656.23%. Stock’s beta reads -0.80. Its return on asset (ROA) is -134.07% on average.