With 7.03M Outstanding Shares, Can PainReform Ltd (NASDAQ: PRFX) Deliver Big Short-Term Gains?

PainReform Ltd (NASDAQ:PRFX) currently has a daily average trading volume of 935.41K but it saw 1230401 shares traded in last market. With a market cap of 1.46M USD, the company’s current market price of $0.21 came falling about -3.63 while comparing to the previous closing price of $0.22. In past 52 weeks, the stock remained buoying in the range of price level as high as $4.60 and as low as $0.20. In the recent trading on the day, stock has struck highest price mark of $0.1959 while lowest mark touched by it was $0.2142.

Taking a look at 20-day trading activity of PainReform Ltd (PRFX) gives us an average price of $0.2723, while its current price level is -95.49% below from 52-week high level whereas it is 3.03% 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 $0.3790 while that of 200 days or SMA-200 reads an average of $1.3662. A closer look into the stock’s movement over the week reveals that its volatility is standing at 10.91% during that period while stretching the period over a month that increases to 18.11%. 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 25.73 which implies that the stock is in oversold territory.

Over the week, PRFX’s stock price is moving -13.80% down while it is -36.06% when we observe its performance for the past one month. Year-to-date it is -92.46% down and over the past year, the stock is showing a downside performance of -95.02%.

Currently, PainReform Ltd’s total number of outstanding shares is 7.03M. Company’s return on equity (ROE) at -716.67%. Stock’s beta reads 0.55. Its return on asset (ROA) is -309.43% on average.