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Should Investors Trust The Upside Potential In Starbox Group Holdings Ltd. (STBX)?

Katie Ford by Katie Ford
March 17, 2023
in Business
0

Starbox Group Holdings Ltd. (NASDAQ:STBX) currently has a daily average trading volume of 291.80K but it saw 1078310 shares traded on Thursday. With a market cap of 95.82M USD, stock’s current market price of $1.90 came falling about -13.24 while comparing to the previous closing price of $2.19. In past 52 weeks, the stock remained buoying in the range of price level as high as $46.21 and as low as $1.37. In the recent trading on the day, stock has struck highest price mark of $2.23 while lowest mark touched by it was $1.89.

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Taking a look at 20-day trading activity of Starbox Group Holdings Ltd. (STBX) gives us an average price of $2.95, while its current price level is -95.89% below from 52-week high level whereas it is 38.69% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $3.01. A closer look into the stock’s movement over the week reveals that its volatility is standing at 25.52% during that period while stretching the period over a month that decreases to 12.68%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 25.44 which implies that the stock is in oversold territory.

Over the week, STBX’s stock price is moving -43.95% down while it is -43.11% when we observe its performance for the past one month. Year-to-date it is -30.40% down and over the past year.

Currently, Starbox Group Holdings Ltd.’s total number of outstanding shares is 40.55M with 63.91% of that held by the insiders while 0.32% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 15.40%. It has a price to earnings ratio (P/E ratio) of 21.35. Stock has a price to book (P/B) ratio of 3.33 while price to sale or P/S ratio amounts to 13.31.

Tags: NASDAQ:STBXStarbox Group Holdings Ltd.STBXSTBX stock
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