Should Investors Trust The Upside Potential In Starbox Group Holdings Ltd (STBX)?

money audit

Starbox Group Holdings Ltd (NASDAQ:STBX) currently has a daily average trading volume of 331.58K but it saw 47541588 shares traded in last market. With a market cap of 45.61M USD, the company’s current market price of $0.13 came falling about -4.96 while comparing to the previous closing price of $0.14. In past 52 weeks, the stock remained buoying in the range of price level as high as $0.67 and as low as $0.10. In the recent trading on the day, stock has struck highest price mark of $0.115 while lowest mark touched by it was $0.219.

Taking a look at 20-day trading activity of Starbox Group Holdings Ltd (STBX) gives us an average price of $0.1303, while its current price level is -80.85% below from 52-week high level whereas it is 32.54% 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 $0.1408 while that of 200 days or SMA-200 reads an average of $0.1991. A closer look into the stock’s movement over the week reveals that its volatility is standing at 27.04% during that period while stretching the period over a month that decreases to 14.02%. 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 44.15 which implies that the stock is in neutral territory.

Over the week, STBX’s stock price is moving -7.03% down while it is 3.05% when we observe its performance for the past one month. Year-to-date it is -51.40% down and over the past year, the stock is showing a downside performance of -80.56%.

Currently, Starbox Group Holdings Ltd’s total number of outstanding shares is 470.70M. Company’s return on investment (ROI) stands at -14.01% and return on equity (ROE) at -20.02%. Stock’s beta reads 1.92. Stock has a price to book (P/B) ratio of 0.16 while price to sale or P/S ratio amounts to 3.74. Its return on asset (ROA) is -13.29% on average.