Eterna Therapeutics Inc (ERNA) Down -88.30% From Its 52-Week High, But Growth Potential Is Changing Over Time

Eterna Therapeutics Inc (NASDAQ:ERNA) currently has a daily average trading volume of 107.39K but it saw 30440563 shares traded in last market. With a market cap of 15.77M USD, the company’s current market price of $0.31 came falling about -14.72 while comparing to the previous closing price of $0.36. In past 52 weeks, the stock remained buoying in the range of price level as high as $2.62 and as low as $0.36. In the recent trading on the day, stock has struck highest price mark of $0.3 while lowest mark touched by it was $0.4988.

Taking a look at 20-day trading activity of Eterna Therapeutics Inc (ERNA) gives us an average price of $0.7103, while its current price level is -88.30% below from 52-week high level whereas it is -14.08% 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 $0.9116 while that of 200 days or SMA-200 reads an average of $1.6558. A closer look into the stock’s movement over the week reveals that its volatility is standing at 25.71% during that period while stretching the period over a month that decreases to 17.91%. 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 15.69 which implies that the stock is in oversold territory.

Over the week, ERNA’s stock price is moving -34.42% down while it is -71.31% when we observe its performance for the past one month. Year-to-date it is -82.90% down and over the past year, the stock is showing a downside performance of -74.88%.

Currently, Eterna Therapeutics Inc’s total number of outstanding shares is 51.37M. Company’s return on equity (ROE) at -1154.18%. Stock’s beta reads 4.28. Stock has a price to sale or P/S ratio amounts to 26.28. Its return on asset (ROA) is -149.86% on average.