Should Investors Trust The Upside Potential In Quoin Pharmaceuticals Ltd ADR (QNRX)?

Quoin Pharmaceuticals Ltd ADR (NASDAQ:QNRX) currently has a daily average trading volume of 367.72K but it saw 9732471 shares traded in last market. With a market cap of 4.51M USD, the company’s current market price of $7.65 came rising about 20.28 while comparing to the previous closing price of $6.36. In past 52 weeks, the stock remained buoying in the range of price level as high as $54.95 and as low as $5.01.

Taking a look at 20-day trading activity of Quoin Pharmaceuticals Ltd ADR (QNRX) gives us an average price of $6.37, while its current price level is -86.08% below from 52-week high level whereas it is 52.69% 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 $7.98 while that of 200 days or SMA-200 reads an average of $16.99. A closer look into the stock’s movement over the week reveals that its volatility is standing at 13.55% during that period while stretching the period over a month that increases to 14.06%. 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 57.63 which implies that the stock is in neutral territory.

Over the week, QNRX’s stock price is moving 24.70% up while it is 44.89% when we observe its performance for the past one month. Year-to-date it is -66.41% down and over the past year, the stock is showing a downside performance of -71.71%.

Currently, Quoin Pharmaceuticals Ltd ADR’s total number of outstanding shares is 0.59M with 7.08% of that held by the insiders while 7.12% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -176.27% and return on equity (ROE) at -138.80%. Stock’s beta reads 1.39. Stock has a price to book (P/B) ratio of 0.76. Its return on asset (ROA) is -71.84% on average.