Qualigen Therapeutics Inc (NASDAQ:QLGN) Is Up 40.16% Over The Past 30 Days: Could Trouble Be Ahead?

In last trading session, Qualigen Therapeutics Inc (NASDAQ:QLGN) saw 1.42 million shares changing hands with its beta currently measuring -0.87. Company’s recent per share price level of $0.25 trading at $0.02 or 8.41% at ring of the bell on the day assigns it a market valuation of $2.88M. That closing price of QLGN’s stock is at a discount of -404.0% from its 52-week high price of $1.26 and is indicating a premium of 44.0% from its 52-week low price of $0.14. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 45.39 million shares which gives us an average trading volume of 12.82 million if we extend that period to 3-months.

Qualigen Therapeutics Inc (NASDAQ:QLGN) trade information

Upright in the green during last session for gaining 8.41%, in the last five days QLGN remained trading in the red while hitting it’s week-highest on Friday, 07/19/24 when the stock touched $0.25 price level, adding 16.58% to its value on the day. Qualigen Therapeutics Inc’s shares saw a change of -54.05% in year-to-date performance and have moved -19.65% in past 5-day. Qualigen Therapeutics Inc (NASDAQ:QLGN) showed a performance of 40.16% in past 30-days. Number of shares sold short was 4.16 million shares which calculate 0.1 days to cover the short interests.

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Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 71.09% during past 5 years.

QLGN Dividends

Qualigen Therapeutics Inc is more likely to be releasing its next quarterly report in August and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

Qualigen Therapeutics Inc (NASDAQ:QLGN)’s Major holders

Insiders are in possession of 5.98% of company’s total shares while institution are holding 2.31 percent of that, with stock having share float percentage of 2.45%. Investors also watch the number of corporate investors in a company very closely, which is 2.31% institutions for Qualigen Therapeutics Inc that are currently holding shares of the company.