Nvni Group Ltd (NVNI): Uncovering A True Diamond In The Rough

Nvni Group Ltd (NASDAQ:NVNI) currently has a daily average trading volume of 10.26K but it saw 12658083 shares traded in last market. With a market cap of 18.18M USD, the company’s current market price of $0.64 came rising about 48.87 while comparing to the previous closing price of $0.43. In past 52 weeks, the stock remained buoying in the range of price level as high as $3.20 and as low as $0.33. In the recent trading on the day, stock has struck highest price mark of $0.439 while lowest mark touched by it was $1.51.

Taking a look at 20-day trading activity of Nvni Group Ltd (NVNI) gives us an average price of $0.6886, while its current price level is -80.00% below from 52-week high level whereas it is 95.42% 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 $0.7590 while that of 200 days or SMA-200 reads an average of $1.2493. A closer look into the stock’s movement over the week reveals that its volatility is standing at 81.96% during that period while stretching the period over a month that decreases to 26.71%. 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 46.07 which implies that the stock is in neutral territory.

Over the week, NVNI’s stock price is moving -3.03% down while it is -21.95% when we observe its performance for the past one month. Year-to-date it is -57.05% down and over the past year, the stock is showing a downside performance of -64.64%.

Currently, Nvni Group Ltd’s total number of outstanding shares is 28.40M. Stock’s beta reads -0.27.