How Worried Should Investors Be About Neo Concept International Group Holdings Ltd (NCI)

Neo Concept International Group Holdings Ltd (NASDAQ:NCI) does about 1.40M shares in volume on a normal day but saw 1950706 shares change hands in the recent trading day. The company now has a market cap of 16.66M USD. Its current market price is $0.82, marking an increase of 25.56% compared to the previous close of $0.65. The 52 week high reached by this stock is $11.39 whilst the lowest price level in 52 weeks is $0.35.

Neo Concept International Group Holdings Ltd (NCI) has a 20-day trading average at $0.7324 and the current price is -92.80% off the 52-week high compared with 134.22% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.5867. If we look at the stock’s price movements over the week, volatility stands at 36.11%, which decreases to 30.14% 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 53.70 to suggest the stock is neutral.

The current price level is 11.96%, 39.76%, and 4.85% away from its SMA20, SMA50, and SMA200 respectively, with the NCI price moving below the 50-day SMA on current market day. Neo Concept International Group Holdings Ltd (NCI) stock is down -41.43% over the week and 54.72% over the past month. Its price is -91.37% year-to-date.

The company’s next earnings report forecasts estimating quarterly EPS at 0 and 0 for whole year.

Outstanding shares total 20.32M with insiders holding 80.13% of the shares and institutional holders owning 0.49% of the company’s common stock.