Destiny Tech100 Inc (NYSE: DXYZ) Recovers 372.00% From 52-Week Low, Is DXYZ Still A High-Risk, High-Reward Play?

Destiny Tech100 Inc (NYSE:DXYZ) currently has a daily average trading volume of 559.53K but it saw 612334 shares traded in last market. With a market cap of 462.18M USD, the company’s current market price of $42.48 came rising about 1.24 while comparing to the previous closing price of $41.96. In past 52 weeks, the stock remained buoying in the range of price level as high as $77.35 and as low as $9.00.

Taking a look at 20-day trading activity of Destiny Tech100 Inc (DXYZ) gives us an average price of $36.17, while its current price level is -45.08% below from 52-week high level whereas it is 372.00% 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 $35.49 while that of 200 days or SMA-200 reads an average of $33.09. A closer look into the stock’s movement over the week reveals that its volatility is standing at 7.12% during that period while stretching the period over a month that decreases to 6.74%. 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 63.84 which implies that the stock is in neutral territory.

Over the week, DXYZ’s stock price is moving 19.33% up while it is 26.96% when we observe its performance for the past one month. Year-to-date it is -27.83% down and over the past year, the stock is showing an upside performance of 193.98%.

Currently, Destiny Tech100 Inc’s total number of outstanding shares is 10.88M with 10.29% of that held by the insiders while 3.68% of its common stock has been owned by the institutions. It has a price to earnings ratio (P/E ratio) of 26.55. Stock’s beta reads 8.76.

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