With 1.53M Outstanding Shares, Can Baosheng Media Group Holdings Ltd (NASDAQ: BAOS) Deliver Big Short-Term Gains?

Baosheng Media Group Holdings Ltd (NASDAQ:BAOS) currently has a daily average trading volume of 24.42K but it saw 58731599 shares traded in last market. With a market cap of 44.69M USD, the company’s current market price of $7.10 came rising about 310.40 while comparing to the previous closing price of $1.73. In past 52 weeks, the stock remained buoying in the range of price level as high as $6.79 and as low as $1.44. In the recent trading on the day, stock has struck highest price mark of $2.88 while lowest mark touched by it was $13.66.

Taking a look at 20-day trading activity of Baosheng Media Group Holdings Ltd (BAOS) gives us an average price of $1.9600, while its current price level is 4.60% below from 52-week high level whereas it is 393.06% 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 $1.9900 while that of 200 days or SMA-200 reads an average of $2.5100. A closer look into the stock’s movement over the week reveals that its volatility is standing at 82.51% during that period while stretching the period over a month that decreases to 28.04%. 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 91.25 which implies that the stock is in overbought territory.

Over the week, BAOS’s stock price is moving 291.08% up while it is 232.43% when we observe its performance for the past one month. Year-to-date it is 70.08% up and over the past year, the stock is showing an upside performance of 42.13%.

Currently, Baosheng Media Group Holdings Ltd’s total number of outstanding shares is 1.53M. Stock’s beta reads 1.28. Stock has a price to book (P/B) ratio of 0.27.