With 4.34M Outstanding Shares, Can Virax Biolabs Group Ltd (NASDAQ: VRAX) Deliver Big Short-Term Gains?

Virax Biolabs Group Ltd (NASDAQ:VRAX) currently has a daily average trading volume of 5.60M but it saw 1867085 shares traded in last market. With a market cap of 17.49M USD, the company’s current market price of $4.03 came rising about 1.77 while comparing to the previous closing price of $3.96. In past 52 weeks, the stock remained buoying in the range of price level as high as $9.00 and as low as $0.60. In the recent trading on the day, stock has struck highest price mark of $3.8 while lowest mark touched by it was $4.4425.

Taking a look at 20-day trading activity of Virax Biolabs Group Ltd (VRAX) gives us an average price of $3.63, while its current price level is -55.22% below from 52-week high level whereas it is 571.67% 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 $2.15 while that of 200 days or SMA-200 reads an average of $1.38. A closer look into the stock’s movement over the week reveals that its volatility is standing at 19.34% during that period while stretching the period over a month that increases to 33.65%. 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 54.91 which implies that the stock is in neutral territory.

Over the week, VRAX’s stock price is moving -17.25% down while it is 291.26% when we observe its performance for the past one month. Year-to-date it is 176.03% up and over the past year, the stock is showing an upside performance of 8.92%.

Currently, Virax Biolabs Group Ltd’s total number of outstanding shares is 4.34M. Company’s return on investment (ROI) stands at -121.48% and return on equity (ROE) at -92.92%. Stock’s beta reads 2.11. Stock has a price to book (P/B) ratio of 1.93 while price to sale or P/S ratio amounts to 109.31. Its return on asset (ROA) is -88.04% on average.