Above Food Ingredients Inc (NASDAQ: ABVE) Now $0.34 Higher From Its Low (0.35), Does It Still Have A Growth Story?

Above Food Ingredients Inc (NASDAQ:ABVE) currently has a daily average trading volume of 241.57K but it saw 5521783 shares traded in last market. With a market cap of 24.99M USD, the company’s current market price of $0.69 came rising about 29.63 while comparing to the previous closing price of $0.54. In past 52 weeks, the stock remained buoying in the range of price level as high as $13.50 and as low as $0.34. In the recent trading on the day, stock has struck highest price mark of $0.5101 while lowest mark touched by it was $1.03.

Taking a look at 20-day trading activity of Above Food Ingredients Inc (ABVE) gives us an average price of $0.5158, while its current price level is -94.86% below from 52-week high level whereas it is 103.97% 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 $0.5380 while that of 200 days or SMA-200 reads an average of $5.2882. A closer look into the stock’s movement over the week reveals that its volatility is standing at 47.53% during that period while stretching the period over a month that decreases to 25.73%. 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 56.99 which implies that the stock is in neutral territory.

Over the week, ABVE’s stock price is moving 3.82% up while it is 22.98% when we observe its performance for the past one month. Year-to-date it is -93.45% down and over the past year, the stock is showing a downside performance of -93.38%.

Currently, Above Food Ingredients Inc’s total number of outstanding shares is 5.64M. Company’s return on investment (ROI) stands at -1.24% and return on equity (ROE) at -1.06%. Stock’s beta reads 0.19. Stock has a price to book (P/B) ratio of 0.26. Its return on asset (ROA) is -0.94% on average.