Ideas And Forecasts On Above Food Ingredients Inc (NASDAQ: ABVE)

Above Food Ingredients Inc (NASDAQ:ABVE) currently has a daily average trading volume of 800.51K but it saw 1979059 shares traded in last market. With a market cap of 25.85M USD, the company’s current market price of $0.91 came rising about 14.67 while comparing to the previous closing price of $0.79. In past 52 weeks, the stock remained buoying in the range of price level as high as $13.50 and as low as $0.25.

Taking a look at 20-day trading activity of Above Food Ingredients Inc (ABVE) gives us an average price of $0.8874, while its current price level is -93.29% below from 52-week high level whereas it is 262.26% 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 $0.6376 while that of 200 days or SMA-200 reads an average of $0.6820. A closer look into the stock’s movement over the week reveals that its volatility is standing at 70.07% during that period while stretching the period over a month that decreases to 38.75%. 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 49.79 which implies that the stock is in neutral territory.

Over the week, ABVE’s stock price is moving -47.63% down while it is 94.78% when we observe its performance for the past one month. Year-to-date it is 67.78% up and over the past year, the stock is showing a downside performance of -91.21%.

Currently, Above Food Ingredients Inc’s total number of outstanding shares is 28.53M with 19.12% of that held by the insiders while 0.31% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -1.24% and return on equity (ROE) at -1.06%. Stock’s beta reads -0.10. Stock has a price to book (P/B) ratio of 0.34. Its return on asset (ROA) is -0.94% on average.

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