It’s Not A Fantasy To Think That ScanTech AI Systems Inc (STAI) Has Big Future Potential

ScanTech AI Systems Inc (NASDAQ:STAI) currently has a daily average trading volume of 5.48M but it saw 802295 shares traded in last market. With a market cap of 26.69M USD, the company’s current market price of $1.09 came falling about -1.80 while comparing to the previous closing price of $1.11. In past 52 weeks, the stock remained buoying in the range of price level as high as $12.19 and as low as $1.05.

Taking a look at 20-day trading activity of ScanTech AI Systems Inc (STAI) gives us an average price of $1.5550, while its current price level is -91.06% below from 52-week high level whereas it is 3.81% 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 $1.8576. A closer look into the stock’s movement over the week reveals that its volatility is standing at 24.32% during that period while stretching the period over a month that decreases to 11.02%. 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 25.47 which implies that the stock is in oversold territory.

Over the week, STAI’s stock price is moving -28.76% down while it is -40.76% when we observe its performance for the past one month. Year-to-date it is -88.34% down and over the past year, the stock is showing a downside performance of -89.86%.

Currently, ScanTech AI Systems Inc’s total number of outstanding shares is 24.48M. Company’s return on investment (ROI) stands at 7.89% and return on equity (ROE) at 3.72%. It has a price to earnings ratio (P/E ratio) of 5.92. Stock’s beta reads -0.55. Stock has a price to book (P/B) ratio of 0.22. Its return on asset (ROA) is 3.68% on average.