Global Mofy AI Ltd (NASDAQ: GMM) Trading under Its 20 Day MA ($0.3980), Why Showing An Interesting Price Pattern?

Global Mofy AI Ltd (NASDAQ:GMM) does about 3.23M shares in volume on a normal day but saw 2511561 shares change hands in the recent trading day. The company now has a market cap of 8.59M USD. Its current market price is $0.30, marking a decrease of -23.31% compared to the previous close of $0.39. The 52 week high reached by this stock is $15.40 whilst the lowest price level in 52 weeks is $0.32.

Global Mofy AI Ltd (GMM) has a 20-day trading average at $0.3980 and the current price is -98.05% off the 52-week high compared with -5.11% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.6133 and its 200-day simple moving average is $1.0656. If we look at the stock’s price movements over the week, volatility stands at 12.38%, which increases to 17.94% 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 33.67 to suggest the stock is neutral.

The current price level is -24.33%, -50.91%, and -71.75% away from its SMA20, SMA50, and SMA200 respectively, with the GMM price moving above the 50-day SMA on current market day. Global Mofy AI Ltd (GMM) stock is down -27.29% over the week and -43.10% over the past month. Its price is -94.61% year-to-date and -97.77% over the past year.

The company has a return on investment of 41.33% and return on equity of 59.89%. The price to earnings ratio (P/E ratio) amounts to 0.51. The beta has a value of -3.35. Price to book ratio is 0.22 and price to sales ratio is 0.25.