The Week Ahead: Are Investors Really Too Optimistic About Starbox Group Holdings Ltd (NASDAQ: STBX)

Starbox Group Holdings Ltd (NASDAQ:STBX) currently has a daily average trading volume of 188.12K but it saw 31738054 shares traded in last market. With a market cap of 1.54M USD, the company’s current market price of $2.61 came rising about 44.96 while comparing to the previous closing price of $1.80. In past 52 weeks, the stock remained buoying in the range of price level as high as $537.60 and as low as $1.37. In the recent trading on the day, stock has struck highest price mark of $2.0 while lowest mark touched by it was $3.44.

Taking a look at 20-day trading activity of Starbox Group Holdings Ltd (STBX) gives us an average price of $2.4500, while its current price level is -99.51% below from 52-week high level whereas it is 90.51% 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 $13.6300 while that of 200 days or SMA-200 reads an average of $208.3500. A closer look into the stock’s movement over the week reveals that its volatility is standing at 78.32% during that period while stretching the period over a month that decreases to 30.98%. 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 24.66 which implies that the stock is in oversold territory.

Over the week, STBX’s stock price is moving 15.92% up while it is -24.52% when we observe its performance for the past one month. Year-to-date it is -98.83% down and over the past year, the stock is showing a downside performance of -99.49%.

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

Currently, Starbox Group Holdings Ltd’s total number of outstanding shares is 29.09M with 2.29% of that held by the insiders while 0.01% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -140.25% and return on equity (ROE) at -126.92%. Stock’s beta reads 2.31. Stock has a price to book (P/B) ratio of 1.39 while price to sale or P/S ratio amounts to 0.25. Its return on asset (ROA) is -73.95% on average.