How Worried Should Investors Be About Above Food Ingredients Inc (ABVE)

Above Food Ingredients Inc (NASDAQ:ABVE) does about 821.34K shares in volume on a normal day but saw 10513501 shares change hands in the recent trading day. The company now has a market cap of 34.77M USD. Its current market price is $0.68, marking a decrease of -8.69% compared to the previous close of $0.74. The 52 week high reached by this stock is $3.30 whilst the lowest price level in 52 weeks is $0.25.

Above Food Ingredients Inc (ABVE) has a 20-day trading average at $1.1326 and the current price is -79.39% off the 52-week high compared with 171.57% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.1788 and its 200-day simple moving average is $0.6832. If we look at the stock’s price movements over the week, volatility stands at 35.08%, which decreases to 20.46% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 35.07 to suggest the stock is neutral.

The current price level is -40.02%, -42.38%, and -0.58% away from its SMA20, SMA50, and SMA200 respectively, with the ABVE price moving above the 50-day SMA on current market day. Above Food Ingredients Inc (ABVE) stock is down -40.42% over the week and -38.81% over the past month. Its price is -81.79% year-to-date and 25.78% over the past year.

The company’s next earnings report forecasts estimating quarterly EPS at 0 and 0 for whole year.

Outstanding shares total 51.19M with insiders holding 10.65% of the shares and institutional holders owning 12.26% of the company’s common stock. The beta has a value of -0.30.

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