GSR III Acquisition Corp (NASDAQ: GSRT) Recovers 3.45% From 52-Week Low, Is GSRT Still A High-Risk, High-Reward Play?

GSR III Acquisition Corp (NASDAQ:GSRT) currently has a daily average trading volume of 147.83K but it saw 2263042 shares traded in last market. With a market cap of 297.53M USD, the company’s current market price of $10.20 came rising about 0.39 while comparing to the previous closing price of $10.16. In past 52 weeks, the stock remained buoying in the range of price level as high as $10.22 and as low as $9.86. In the recent trading on the day, stock has struck highest price mark of $10.16 while lowest mark touched by it was $10.24.

Taking a look at 20-day trading activity of GSR III Acquisition Corp (GSRT) gives us an average price of $10.05, while its current price level is -0.20% below from 52-week high level whereas it is 3.45% 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 $10.01. A closer look into the stock’s movement over the week reveals that its volatility is standing at 0.47% during that period while stretching the period over a month that decreases to 0.19%. 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 77.03 which implies that the stock is in overbought territory.

Over the week, GSRT’s stock price is moving 1.69% up while it is 1.90% when we observe its performance for the past one month. Year-to-date it is 3.13% up and over the past year.

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, GSR III Acquisition Corp’s total number of outstanding shares is 23.42M with 1.64% of that held by the insiders while 72.58% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 0.42%. It has a price to earnings ratio (P/E ratio) of 312.88.