Gamehaus Holdings Inc (GMHS): Choosing The Technical Investor Route

money audit

Gamehaus Holdings Inc (NASDAQ:GMHS) does about 212.49K shares in volume on a normal day but saw 1318432 shares change hands in the recent trading day. The company now has a market cap of 70.68M USD. Its current market price is $1.32, marking an increase of 19.95% compared to the previous close of $1.10. The 52 week high reached by this stock is $17.49 whilst the lowest price level in 52 weeks is $0.96.

Gamehaus Holdings Inc (GMHS) has a 20-day trading average at $1.5995 and the current price is -92.46% off the 52-week high compared with 37.43% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.6770. If we look at the stock’s price movements over the week, volatility stands at 27.56%, which decreases to 16.92% 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 39.06 to suggest the stock is neutral.

The current price level is -17.50%, -21.31%, and -84.18% away from its SMA20, SMA50, and SMA200 respectively, with the GMHS price moving above the 50-day SMA on current market day. Gamehaus Holdings Inc (GMHS) stock is down -23.73% over the week and -3.69% over the past month. Its price is -88.28% year-to-date and -87.20% over the past year.

Outstanding shares total 53.57M with insiders holding 92.75% of the shares and institutional holders owning 4.71% of the company’s common stock. The company has a return on investment of 8.10% and return on equity of 4.14%. The price to earnings ratio (P/E ratio) amounts to 5.17. The beta has a value of 0.25. Price to book ratio is 0.25.