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Should Investors Trust The Upside Potential In QuantaSing Group Limited (QSG)?

Edison Carroll Edison by Edison Carroll Edison
May 25, 2023
in Business
0

QuantaSing Group Limited (NASDAQ:QSG) currently has a daily average trading volume of 5.43K but it saw 1126121 shares traded on Wednesday. With a market cap of 944.11M USD, stock’s current market price of $19.00 came rising about 130.30 while comparing to the previous closing price of $8.25. In past 52 weeks, the stock remained buoying in the range of price level as high as $13.79 and as low as $6.66. In the recent trading on the day, stock has struck highest price mark of $28.9899 while lowest mark touched by it was $9.00.

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Taking a look at 20-day trading activity of QuantaSing Group Limited (QSG) gives us an average price of $10.40, while its current price level is 37.78% below from 52-week high level whereas it is 185.29% 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 $11.24. A closer look into the stock’s movement over the week reveals that its volatility is standing at 54.24% during that period while stretching the period over a month that decreases to 17.02%. 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 76.67 which implies that the stock is in overbought territory.

Data by FactSet Research shows that 0 analysts have issued their ratings for the stock. 0 of them are in opinions that stock is a Sell, while 0 are advising it as an Overweight. 0 analysts suggested the investors to Buy the stock while 0 advised them to Hold.

Over the week, QSG’s stock price is moving 123.53% up while it is 74.31% when we observe its performance for the past one month. Year-to-date it is 51.76% up and over the past year.

Currently, QuantaSing Group Limited’s total number of outstanding shares is 55.08M with 1.04% of that held by the insiders while 0.00% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 32.10%. Stock has a price to sale or P/S ratio amounts to 2.40.

Tags: NASDAQ:QSGQSGQSG stockQuantaSing Group Limited
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