ScanTech AI Systems Inc (NASDAQ: STAI) Emerges As Guiding Light For Investors

ScanTech AI Systems Inc (NASDAQ:STAI) currently has a daily average trading volume of 7.15M but it saw 1591102 shares traded in last market. With a market cap of 59.72M USD, the company’s current market price of $2.88 came rising about 18.52 while comparing to the previous closing price of $2.43. In past 52 weeks, the stock remained buoying in the range of price level as high as $12.19 and as low as $1.23. In the recent trading on the day, stock has struck highest price mark of $2.4 while lowest mark touched by it was $3.0.

Taking a look at 20-day trading activity of ScanTech AI Systems Inc (STAI) gives us an average price of $2.18, while its current price level is -76.37% below from 52-week high level whereas it is 134.15% 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 $2.02. A closer look into the stock’s movement over the week reveals that its volatility is standing at 16.33% during that period while stretching the period over a month that increases to 21.31%. 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 60.47 which implies that the stock is in neutral territory.

Over the week, STAI’s stock price is moving 65.52% up while it is -8.28% when we observe its performance for the past one month. Year-to-date it is -69.20% down and over the past year, the stock is showing a downside performance of -72.61%.

The company is expected to be releasing its next quarterly report in April, for which analysts forecasted an EPS of 0 while estimate for next year EPS is 0.

Currently, ScanTech AI Systems Inc’s total number of outstanding shares is 20.74M with 7.60% of that held by the insiders while 34.51% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 7.89% and return on equity (ROE) at 3.72%. It has a price to earnings ratio (P/E ratio) of 15.64. Stock’s beta reads -0.74. Stock has a price to book (P/B) ratio of 0.58. Its return on asset (ROA) is 3.68% on average.