noco-noco Inc (NASDAQ: NCNC) Plunges -0.96% And Its 52.30% Stock Volatility Is Bewildering

noco-noco Inc (NASDAQ:NCNC) does about 11.34M shares in volume on a normal day but saw 2060776 shares change hands in the recent trading day. The company now has a market cap of 15.34M USD. Its current market price is $0.11, marking a decrease of -0.96% compared to the previous close of $0.11. The 52 week high reached by this stock is $0.43 whilst the lowest price level in 52 weeks is $0.09.

noco-noco Inc (NCNC) has a 20-day trading average at $0.1201 and the current price is -73.87% off the 52-week high compared with 19.39% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.1469 and its 200-day simple moving average is $0.1865. If we look at the stock’s price movements over the week, volatility stands at 52.30%, which decreases to 21.56% 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 43.99 to suggest the stock is neutral.

The current price level is -5.67%, -22.85%, and -39.23% away from its SMA20, SMA50, and SMA200 respectively, with the NCNC price moving above the 50-day SMA on current market day. noco-noco Inc (NCNC) stock is up 5.89% over the week and -17.30% over the past month. Its price is -38.86% year-to-date and -71.62% over the past year.

Outstanding shares total 135.43M with insiders holding 74.02% of the shares and institutional holders owning 2.72% of the company’s common stock. The company has a return on equity of 399.60%. The beta has a value of 1.18.