Qualigen Therapeutics Inc (NASDAQ:QLGN) -13.62% Down Over Last Week, What Happens Next?

In last trading session, Qualigen Therapeutics Inc (NASDAQ:QLGN) saw 0.49 million shares changing hands with its beta currently measuring -0.78. Company’s recent per share price level of $0.16 trading at $0.0 or -2.56% at ring of the bell on the day assigns it a market valuation of $1.94M. That closing price of QLGN’s stock is at a discount of -587.5% from its 52-week high price of $1.10 and is indicating a premium of 12.5% 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 0.33 million shares which gives us an average trading volume of 12.75 million if we extend that period to 3-months.

Qualigen Therapeutics Inc (NASDAQ:QLGN) trade information

Upright in the red during last session for losing -2.56%, in the last five days QLGN remained trading in the red while hitting it’s week-highest on Tuesday, 09/03/24 when the stock touched $0.16 price level, adding 17.53% to its value on the day. Qualigen Therapeutics Inc’s shares saw a change of -70.95% in year-to-date performance and have moved -13.62% in past 5-day. Qualigen Therapeutics Inc (NASDAQ:QLGN) showed a performance of -23.47% in past 30-days. Number of shares sold short was 0.33 million shares which calculate 0.19 days to cover the short interests.

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Company posted 1.39M and 1.61M of sales in current and next quarters respectively a year earlier.

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.

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

Insiders are in possession of 5.98% of company’s total shares while institution are holding 3.23 percent of that, with stock having share float percentage of 3.43%. Investors also watch the number of corporate investors in a company very closely, which is 3.23% institutions for Qualigen Therapeutics Inc that are currently holding shares of the company.