Can Buying N2OFF Inc (NASDAQ: NITO) Still Be Worthwhile?

N2OFF Inc (NASDAQ:NITO) does about 20.31M shares in volume on a normal day but saw 8326430 shares change hands in the recent trading day. The company now has a market cap of 23.84M USD. Its current market price is $1.35, marking a decrease of -10.00% compared to the previous close of $1.50. The 52 week high reached by this stock is $3.49 whilst the lowest price level in 52 weeks is $0.16.

N2OFF Inc (NITO) has a 20-day trading average at $0.7256 and the current price is -61.32% off the 52-week high compared with 738.51% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.4225 and its 200-day simple moving average is $0.5659. If we look at the stock’s price movements over the week, volatility stands at 48.70%, which decreases to 43.07% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 58.13 to suggest the stock is neutral.

The consensus objective for the share price is $38.50, suggesting that the stock has a potential upside of 96.49% over the period.

The current price level is 86.04%, 219.55%, and 138.56% away from its SMA20, SMA50, and SMA200 respectively, with the NITO price moving below the 50-day SMA on current market day. N2OFF Inc (NITO) stock is down -48.86% over the week and 500.00% over the past month. Its price is 444.35% year-to-date and -34.15% over the past year.

The company’s next earnings report forecasts estimating quarterly EPS at 0 and 0 for whole year.

To reach the target analysts have set, the stock logically needs to grow 96.49 percent from here.

Outstanding shares total 17.66M with insiders holding 11.48% of the shares and institutional holders owning 3.15% of the company’s common stock. The company has a return on investment of -102.06% and return on equity of -110.79%. The beta has a value of -0.17. Price to book ratio is 2.38 and price to sales ratio is 132.45.