Know Labs Inc (AMEX: KNW) Gains 11.28% And Its 11.11% Stock Volatility Is Bewildering

Know Labs Inc (AMEX:KNW) does about 385.03K shares in volume on a normal day but saw 1213112 shares change hands in the recent trading day. The company now has a market cap of 23.44M USD. Its current market price is $0.22, marking an increase of 11.28% compared to the previous close of $0.19. The 52 week high reached by this stock is $0.94 whilst the lowest price level in 52 weeks is $0.18.

Know Labs Inc (KNW) has a 20-day trading average at $0.2476 and the current price is -76.91% off the 52-week high compared with 19.23% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.2767 and its 200-day simple moving average is $0.4874. If we look at the stock’s price movements over the week, volatility stands at 11.11%, which decreases to 10.31% 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 38.11 to suggest the stock is neutral.

The consensus objective for the share price is $1.00, suggesting that the stock has a potential upside of 78.0% over the period.

FactSet Research has provided data showing that 0 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 0 analysts have rated it as a buy and 0 have advised that investors hold their positions. The consensus recommendation rating is nan and Wall Street’s advice is for investors to Strong Buy the stock.

The current price level is -12.35%, -21.57%, and -55.47% away from its SMA20, SMA50, and SMA200 respectively, with the KNW price moving above the 50-day SMA on current market day. Know Labs Inc (KNW) stock is up 6.37% over the week and -18.11% over the past month. Its price is -57.37% year-to-date and -11.39% over the past year.

The company’s next earnings report forecasts estimating quarterly EPS at -0.05 and -0.21 for whole year.

To reach the target analysts have set, the stock logically needs to grow 78.0 percent from here.

Outstanding shares total 80.36M with insiders holding 26.05% of the shares and institutional holders owning 5.32% of the company’s common stock. The company has a return on equity of -1867.31%. The beta has a value of 1.53.