Why Should You Invest In Graphjet Technology (NASDAQ: GTI)?

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In the latest trading session,, 1.15 million Graphjet Technology (NASDAQ:GTI) shares changed hands as the company’s beta touched -0.36. With the company’s most recent per share price at $2.64 changing hands around $0.73 or 38.41% at last look, the market valuation stands at $387.94M. GTI’s current price is a discount, trading about -430.3% off its 52-week high of $14.00. The share price had its 52-week low at $1.87, which suggests the last value was 29.17% up since then. When we look at Graphjet Technology’s average trading volume, we note the 10-day average is 0.11 million shares, with the 3-month average coming to 69.01K.

Graphjet Technology (NASDAQ:GTI) trade information

Instantly GTI is in green as seen in intraday trades today. With action 25.89%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -76.63%, with the 5-day performance at 25.89% in the green. However, in the 30-day time frame, Graphjet Technology (NASDAQ:GTI) is -33.74% down. Looking at the short shares, we see there were 22902.0 shares sold at short interest cover period of 0.4 days.

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Among Mutual Funds, the top two as of Mar 31, 2024 were Highland Fds I-NexPoint Merger Arbitrage Fund and Fidelity NASDAQ Composite Index Fund . With 14.27 shares estimated at $36112.0 under it, the former controlled 0.01% of total outstanding shares. On the other hand, Fidelity NASDAQ Composite Index Fund held about 0.01% of the shares, roughly 10.39 shares worth around $26290.0.