Banzai International Inc (NASDAQ: BNZI) – Time For Strategy Change?

Banzai International Inc (NASDAQ:BNZI) currently has a daily average trading volume of 2.05M but it saw 580956 shares traded in last market. With a market cap of 3.07M USD, the company’s current market price of $0.08 came falling about -2.73 while comparing to the previous closing price of $0.08. In past 52 weeks, the stock remained buoying in the range of price level as high as $16.57 and as low as $0.07. In the recent trading on the day, stock has struck highest price mark of $0.075 while lowest mark touched by it was $0.088.

Taking a look at 20-day trading activity of Banzai International Inc (BNZI) gives us an average price of $0.1016, while its current price level is -99.51% below from 52-week high level whereas it is 9.93% 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 $0.1265 while that of 200 days or SMA-200 reads an average of $1.4898. A closer look into the stock’s movement over the week reveals that its volatility is standing at 10.55% during that period while stretching the period over a month that increases to 13.31%. 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 32.69 which implies that the stock is in neutral territory.

Over the week, BNZI’s stock price is moving -4.32% down while it is -27.33% when we observe its performance for the past one month. Year-to-date it is -95.64% down and over the past year, the stock is showing a downside performance of -99.22%.

Currently, Banzai International Inc’s total number of outstanding shares is 37.53M. Company’s return on equity (ROE) at -364.76%. Stock’s beta reads -0.67. Stock has a price to sale or P/S ratio amounts to 0.71. Its return on asset (ROA) is -54.41% on average.