Qualigen Therapeutics Inc. [NASDAQ: QLGN] gained 6.20% or 0.31 points to close at $5.31 with a heavy trading volume of 1771593 shares.
It opened the trading session at $5.05, the shares rose to $5.43 and dropped to $4.95, the range by which the price of stock traded the whole day. The daily chart for QLGN points out that the company has recorded -13.87% loss over the past six months. However, it is still -43.13% lower than its most recent low trading price.
If we look at the average trading volume of 1.76M shares, QLGN reached to a volume of 1771593 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Qualigen Therapeutics Inc. [QLGN]:
The Average True Range (ATR) for Qualigen Therapeutics Inc. is set at 0.36, with the Price to Sales ratio for QLGN stock in the period of the last 12 months amounting to 125.67.
Trading performance analysis for QLGN stock
Qualigen Therapeutics Inc. [QLGN] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 8.81. With this latest performance, QLGN shares gained by 30.15% in over the last four-week period, additionally sinking by -13.87% over the last 6 months – not to mention a drop of -44.11% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for QLGN stock in for the last two-week period is set at 59.31, with the RSI for the last a single of trading hit 65.83, and the three-weeks RSI is set at 55.38 for Qualigen Therapeutics Inc. [QLGN]. The present Moving Average for the last 50 days of trading for this stock 5.00, while it was recorded at 4.98 for the last single week of trading, and 6.32 for the last 200 days.
Qualigen Therapeutics Inc. [QLGN]: A deeper dive into fundamental analysis
Qualigen Therapeutics Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.20 and a Current Ratio set at 0.30.
Qualigen Therapeutics Inc. [QLGN]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Qualigen Therapeutics Inc. posted -14.5/share EPS, while the average EPS was predicted by analysts to be reported at -18.12/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 20.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for QLGN.
An analysis of insider ownership at Qualigen Therapeutics Inc. [QLGN]
There are presently around $1 million, or 0.70% of QLGN stock, in the hands of institutional investors. The top three institutional holders of QLGN stocks are: CITADEL ADVISORS LLC with ownership of 34,003, which is approximately 1476.402% of the company’s market cap and around 9.50% of the total institutional ownership; ACADIAN ASSET MANAGEMENT LLC, holding 29,998 shares of the stock with an approximate value of $0.16 million in QLGN stocks shares; and VIRTU FINANCIAL LLC, currently with $0.16 million in QLGN stock with ownership of nearly 401.123% of the company’s market capitalization.
7 institutional holders increased their position in Qualigen Therapeutics Inc. [NASDAQ:QLGN] by around 101,174 shares. Additionally, 7 investors decreased positions by around 5,680 shares, while 2 investors held positions by with 4,170 shares. The mentioned changes placed institutional holdings at 111,024 shares, according to the latest SEC report filing. QLGN stock had 4 new institutional investments in for a total of 40,942 shares, while 5 institutional investors sold positions of 5,630 shares during the same period.