New Century Logistics (BVI) Ltd (NASDAQ: NCEW) Drops -18.60% Over A Month, But Analysts Still See Upside Potential

New Century Logistics (BVI) Ltd (NASDAQ:NCEW) currently has a daily average trading volume of 823.87K but it saw 1497185 shares traded in last market. With a market cap of 29.45M USD, the company’s current market price of $1.37 came falling about -16.97 while comparing to the previous closing price of $1.65. In past 52 weeks, the stock remained buoying in the range of price level as high as $4.15 and as low as $0.88.

Taking a look at 20-day trading activity of New Century Logistics (BVI) Ltd (NCEW) gives us an average price of $1.9789, while its current price level is -66.99% below from 52-week high level whereas it is 55.68% 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 $1.6635. A closer look into the stock’s movement over the week reveals that its volatility is standing at 47.88% during that period while stretching the period over a month that decreases to 21.32%. 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 35.31 which implies that the stock is in neutral territory.

Over the week, NCEW’s stock price is moving -37.73% down while it is -18.60% when we observe its performance for the past one month. Year-to-date it is -45.20% down and over the past year.

Currently, New Century Logistics (BVI) Ltd’s total number of outstanding shares is 21.50M with 84.42% of that held by the insiders while 0.15% of its common stock has been owned by the institutions.