Investor Confidence Is Shaken After Graphjet Technology (NASDAQ: GTI) Share Prices Dropped By -$0.01

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Graphjet Technology (NASDAQ:GTI) has a beta value of 0.34 and has seen 7.14 million shares traded in the last trading session. The company, currently valued at $13.81M, closed the last trade at $0.09 per share which meant it lost -$0.01 on the day or -9.43% during that session. The GTI stock price is -12222.22% off its 52-week high price of $11.09 and 11.11% above the 52-week low of $0.08. If we look at the company’s 10-day average daily trading volume, we find that it stood at 13.37 million shares traded. The 3-month trading volume is 8.17 million shares.

Graphjet Technology (NASDAQ:GTI) trade information

Sporting -9.43% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the GTI stock price touched $0.09 or saw a rise of 32.84%. Year-to-date, Graphjet Technology shares have moved -89.54%, while the 5-day performance has seen it change 7.67%. Over the past 30 days, the shares of Graphjet Technology (NASDAQ:GTI) have changed -58.45%. Short interest in the company has seen 0.74 million shares shorted with days to cover at 0.13.

Graphjet Technology (GTI) estimates and forecasts

The company’s shares have lost -96.87% over the past 6 months.

GTI Dividends

Graphjet Technology is expected to release its next earnings report in April this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

Graphjet Technology (NASDAQ:GTI)’s Major holders

Insiders own 51.67% of the company shares, while shares held by institutions stand at 0.51% with a share float percentage of 1.06%. Investors are also buoyed by the number of investors in a company, with Graphjet Technology having a total of 11.0 institutions that hold shares in the company.

Also the top two Mutual Funds that are holding company’s shares are Fidelity Concord Street Trust-Fidelity Nasdaq Composite Index Fund and SPDR INDEX SHARES FUNDS-SPDR(R) S&P(R) EMERGING MARKETS SMALL CAP ETF . As of Dec 31, 2024 , the former fund manager holds about 0.05% shares in the company for having 79.51 shares of worth $7482.0 while later fund manager owns 39.38 shares of worth $3705.0 as of Dec 31, 2024 , which makes it owner of about 0.03% of company’s outstanding stock.