The Week Ahead: Are Investors Really Too Optimistic About Kintara Therapeutics Inc (NASDAQ: KTRA)

Kintara Therapeutics Inc (NASDAQ:KTRA) currently has a daily average trading volume of 5.27M but it saw 1363766 shares traded in last market. With a market cap of 9.57M USD, the company’s current market price of $0.17 came falling about -0.06 while comparing to the previous closing price of $0.17. In past 52 weeks, the stock remained buoying in the range of price level as high as $4.92 and as low as $0.08. In the recent trading on the day, stock has struck highest price mark of $0.167 while lowest mark touched by it was $0.1805.

Taking a look at 20-day trading activity of Kintara Therapeutics Inc (KTRA) gives us an average price of $0.1954, while its current price level is -96.49% below from 52-week high level whereas it is 113.46% 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 $0.2200 while that of 200 days or SMA-200 reads an average of $0.1780. A closer look into the stock’s movement over the week reveals that its volatility is standing at 7.00% during that period while stretching the period over a month that increases to 9.65%. 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 38.81 which implies that the stock is in neutral territory.

Over the week, KTRA’s stock price is moving -1.37% down while it is -10.65% when we observe its performance for the past one month. Year-to-date it is 1.95% up and over the past year, the stock is showing a downside performance of -95.69%.

Currently, Kintara Therapeutics Inc’s total number of outstanding shares is 55.37M. Company’s return on investment (ROI) stands at -160.62% and return on equity (ROE) at -192.23%. Stock’s beta reads 0.81. Its return on asset (ROA) is -131.55% on average.