Do Analysts Think Crown LNG Holdings Limited (CGBS) Is Still Worth Buying In 2024?

Crown LNG Holdings Limited (NASDAQ:CGBS) does about 664.65K shares in volume on a normal day but saw 2638553 shares change hands in the recent trading day. The company now has a market cap of 4.43M USD. Its current market price is $0.46, marking an increase of 22.40% compared to the previous close of $0.38. The 52 week high reached by this stock is $12.70 whilst the lowest price level in 52 weeks is $0.25.

Crown LNG Holdings Limited (CGBS) has a 20-day trading average at $0.3053 and the current price is -96.39% off the 52-week high compared with 80.00% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.3096. If we look at the stock’s price movements over the week, volatility stands at 20.91%, which decreases to 11.62% 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 69.60 to suggest the stock is neutral.

The current price level is 50.36%, 48.26%, and -92.86% away from its SMA20, SMA50, and SMA200 respectively, with the CGBS price moving below the 50-day SMA on current market day. Crown LNG Holdings Limited (CGBS) stock is up 72.56% over the week and 52.95% over the past month. Its price is -95.88% year-to-date and -95.59% over the past year.

The company has a return on investment of -161.44% and return on equity of -110.65%. The beta has a value of -0.05. Price to book ratio is 0.80.