With 3.47M Outstanding Shares, Can PainReform Ltd (NASDAQ: PRFX) Deliver Big Short-Term Gains?

PainReform Ltd (NASDAQ:PRFX) currently has a daily average trading volume of 1.56M but it saw 95014756 shares traded in last market. With a market cap of 6.58M USD, the company’s current market price of $11.16 came rising about 414.29 while comparing to the previous closing price of $2.17. In past 52 weeks, the stock remained buoying in the range of price level as high as $80.64 and as low as $1.73. In the recent trading on the day, stock has struck highest price mark of $4.56 while lowest mark touched by it was $16.63.

Taking a look at 20-day trading activity of PainReform Ltd (PRFX) gives us an average price of $3.40, while its current price level is -86.16% below from 52-week high level whereas it is 546.13% 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 $2.89 while that of 200 days or SMA-200 reads an average of $13.40. A closer look into the stock’s movement over the week reveals that its volatility is standing at 66.87% during that period while stretching the period over a month that decreases to 30.78%. 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 79.68 which implies that the stock is in overbought territory.

Over the week, PRFX’s stock price is moving 282.19% up while it is 99.29% when we observe its performance for the past one month. Year-to-date it is -83.09% down and over the past year, the stock is showing a downside performance of -82.12%.

Currently, PainReform Ltd’s total number of outstanding shares is 3.47M. Company’s return on equity (ROE) at -716.67%. Stock’s beta reads 0.78. Its return on asset (ROA) is -309.43% on average.