Veea Inc. [NASDAQ: VEEA] traded at a high on Wednesday, posting a 133.33 gain after which it closed the day’ session at $12.25.
The results of the trading session contributed to over 6386504 shares changing hands. Over the past one week, the price volatility of Veea Inc. stands at 75.45% while the volatility over the past one month is 20.13%.
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The market cap for VEEA stock reached $137.45 million, with 15.96 million shares outstanding and 3.10 million shares in the current float. Compared to the average trading volume of 23.08K shares, VEEA reached a trading volume of 6386504 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Veea Inc. [VEEA]?
The Average True Range (ATR) for Veea Inc. is set at 2.05 The Price to Book ratio for the last quarter was 5.06, with the Price to Cash per share for the same quarter was set at 0.02.
How has VEEA stock performed recently?
Veea Inc. [VEEA] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 11.97. With this latest performance, VEEA shares gained by 25.90% in over the last four-week period, additionally plugging by 12.70% over the last 6 months – not to mention a rise of 19.28% 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 VEEA stock in for the last two-week period is set at 55.99, with the RSI for the last a single of trading hit 57.29, and the three-weeks RSI is set at 55.12 for Veea Inc. [VEEA]. The present Moving Average for the last 50 days of trading for this stock 10.30, while it was recorded at 9.86 for the last single week of trading, and 10.74 for the last 200 days.
Veea Inc. [VEEA]: Deeper insight into the fundamentals
Veea Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.03 and a Current Ratio set at 0.03.
