Boom Or Bust: Where Is Graphjet Technology (NASDAQ: GTI) Stock Headed Next?

Graphjet Technology (NASDAQ:GTI)’s traded shares stood at 0.57 million during the last session, with the company’s beta value hitting -0.33. At the close of trading, the stock’s price was $2.97, to imply an increase of 13.79% or $0.36 in intraday trading. The GTI share’s 52-week high remains $14.00, putting it -371.38% down since that peak but still an impressive 37.04% since price per share fell to its 52-week low of $1.87. The company has a valuation of $435.82M, with an average of 0.67 million shares in intraday trading volume over the past 10 days and average of 166.11K shares over the past 3 months.

Graphjet Technology (NASDAQ:GTI) trade information

After registering a 13.79% upside in the last session, Graphjet Technology (GTI) has traded red over the past five days. The 5-day price performance for the stock is 36.24%, and -13.16% over 30 days. With these gigs, the year-to-date price performance is -73.74%. Short interest in Graphjet Technology (NASDAQ:GTI) saw shorts transact 22902.0 shares and set a 0.4 days time to cover.

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GTI Dividends

Graphjet Technology has its next earnings report out in September. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.

We also have Highland Fds I-NexPoint Merger Arbitrage Fund and Fidelity NASDAQ Composite Index Fund as the top two Mutual Funds with the largest holdings of the Graphjet Technology (GTI) shares. Going by data provided on Mar 31, 2024 , Highland Fds I-NexPoint Merger Arbitrage Fund holds roughly 14.27 shares. This is just over 0.01% of the total shares, with a market valuation of $42390.0. Data from the same date shows that the other fund manager holds a little less at 10.39, or 0.01% of the shares, all valued at about 30861.0.