Estimating Price Trends For NKGen Biotech Inc (NASDAQ: NKGN)

NKGen Biotech Inc (NASDAQ:NKGN) does about 871.90K shares in volume on a normal day but saw 1223690 shares change hands in the recent trading day. The company now has a market cap of 17.36M USD. Its current market price is $0.49, marking a decrease of -34.09% compared to the previous close of $0.75. The 52 week high reached by this stock is $12.88 whilst the lowest price level in 52 weeks is $0.73.

NKGen Biotech Inc (NKGN) has a 20-day trading average at $0.7706 and the current price is -96.19% off the 52-week high compared with -32.74% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.9337 and its 200-day simple moving average is $1.6306. If we look at the stock’s price movements over the week, volatility stands at 20.22%, which decreases to 10.98% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 27.06 to suggest the stock is oversold.

The current price level is -37.77%, -48.35%, and -70.15% away from its SMA20, SMA50, and SMA200 respectively, with the NKGN price moving above the 50-day SMA on current market day. NKGen Biotech Inc (NKGN) stock is down -35.82% over the week and -41.55% over the past month. Its price is -82.15% year-to-date and -95.16% over the past year.

Outstanding shares total 21.89M with insiders holding 59.15% of the shares and institutional holders owning 14.06% of the company’s common stock. The company has a return on equity of -118.66%. The beta has a value of 0.54.