Should Investors Trust The Upside Potential In VCI Global Ltd (VCIG)?

VCI Global Ltd (NASDAQ:VCIG) currently has a daily average trading volume of 3.79M but it saw 8699521 shares traded in last market. With a market cap of 11.33M USD, the company’s current market price of $0.13 came falling about -19.10 while comparing to the previous closing price of $0.16. In past 52 weeks, the stock remained buoying in the range of price level as high as $4.29 and as low as $0.11. In the recent trading on the day, stock has struck highest price mark of $0.13 while lowest mark touched by it was $0.147.

Taking a look at 20-day trading activity of VCI Global Ltd (VCIG) gives us an average price of $0.1398, while its current price level is -96.93% below from 52-week high level whereas it is 16.04% 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 $0.2024 while that of 200 days or SMA-200 reads an average of $0.8584. A closer look into the stock’s movement over the week reveals that its volatility is standing at 13.82% during that period while stretching the period over a month that decreases to 12.79%. 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 37.82 which implies that the stock is in neutral territory.

Over the week, VCIG’s stock price is moving -5.39% down while it is -7.51% when we observe its performance for the past one month. Year-to-date it is -94.17% down and over the past year, the stock is showing a downside performance of -96.55%.

Currently, VCI Global Ltd’s total number of outstanding shares is 86.04M. Stock’s beta reads 0.19.