Shineco, Inc. (NASDAQ:TYHT)’s beta now stands at 0 and when compared to its 200-day moving average and its 50-day moving average, TYHT price stands 59.87% above and 102.3% above respectively. The stock dropped by -40.08% or -$0.99 from its last recorded high of $2.47 which it attained on May 18 to close at $1.48 per share. Over the past 52 weeks, the shares of Shineco, Inc. has been trading as low as $0.43 before witnessing a massive surge by 244.19% or $1.05. This price movement has led to the TYHT stock receiving more attention and has become one to watch out for. It dipped by -6.33% on Sunday and this got the market worried. Its average daily volatility for this week is 15.04% which is less than the 15.84% recorded over the past month.
Shineco, Inc. (TYHT) rose 13.85% this week, a trend that has led to both investors and traders taking note of the stock. Over the past one year, the equity price has embarked on a drop that has seen it decline -6.92% and is now up by 155.17% since start of this year. A look at its monthly performance shows that the stock has recorded a 117.65% gain over the past 30 days. Its equity price climbed by 142.62% over the past three months which led to its overall six-month increase to stand at 57.48%.
A look at TYHT technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 67.02 point. Its trading volume has added 1583085 shares compared to readings over the past three months as it recently exchanged 2572965 shares. This means there is improved activity from short-term traders as per session, its average trading volume is 989880 shares, and this is 2.6 times the normal volume.
The price of AquaBounty Technologies, Inc. (NASDAQ:AQB) currently stands at $2.49 after it went down by $-0.55 or -18.09% and has found a strong support at $2.39 a share. If the AQB price drops below that critical support, then it would lead to a bearish trend. In the short-term, a dip below the $2.28 mark would also be bad for the stock as it means that the stock would plunge by 8.43% from its current position. However, if the stock price is able to trade above the resistance point around $2.56, then it could likely surge higher to try and break the upward resistance which stands at $2.62 a share. Its average daily volatility over the past one month stands at 17.17%. The stock has plunged by 5.62% from its 52-weeks high of $2.35 which it reached on Aug. 03, 2019. In general, it is 39.36% above its 52-weeks lowest point which stands at $1.51 and this setback was observed on Dec. 28, 2018.
Analysts have predicted a price target for AquaBounty Technologies, Inc. (AQB) for 1 year and it stands at an average $4.63/share. This means that it would likely increase by 85.94% from its current position. The current price of the stock has been moving between $2.35 and $2.52. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $3.75. On the other hand, one analyst is super bullish about the price, setting a target as high as $5.5.
The AQB stock Stochastic Oscillator (%D) is at 84.97%, which means that it is currently overbought and its prices could dip very soon. The shares P/S ratio stands at 672.01 which compares to the 42.76 recorded by the industry or the 8.61 by the wider sector. The stock currently has an estimated price-earnings (P/E) multiple of 0, which is lower than the 0 multiple of 12-month price-earnings (P/E). The company’s earnings have gone up, with a quarterly increase rate of 7.3% over the past five years.
Analysts view AquaBounty Technologies, Inc. (NASDAQ:AQB) as a Buy, with 1.5 consensus rating. Reuters surveyed 2 analysts that follow AQB and found that 0 of those analysts rated the stock as a Hold. The remaining 2 were divided, with 2 analyst rating it as a Buy or a Strong Buy while 0 analysts advised investors to desist from buying AquaBounty Technologies, Inc. (AQB) shares or sell it if they already own it.
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