Gelteq Ltd [NASDAQ: GELS] surged by $0.6 during the normal trading session on Friday and reaching a high of $2.02 during the day while it closed the day at $1.56.
The market cap for GELS stock reached $14.72 million, with 9.44 million shares outstanding and 3.74 million shares in the current float. Compared to the average trading volume of 1.38M shares, GELS reached a trading volume of 71529812 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Gelteq Ltd [GELS]:
The Price to Book ratio for the last quarter was 1.29, with the Price to Cash per share for the same quarter was set at 0.20.
GELS stock trade performance evaluation
Gelteq Ltd [GELS] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 20.00. With this latest performance, GELS shares dropped by -7.40% in over the last four-week period, additionally plugging by 17.29% over the last 6 months – not to mention a drop of -32.76% 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 GELS stock in for the last two-week period is set at 55.67, with the RSI for the last a single of trading hit 0.2371, and the three-weeks RSI is set at 0.1918 for Gelteq Ltd [GELS]. The present Moving Average for the last 50 days of trading for this stock 1.6066, while it was recorded at 1.2184 for the last single week of trading, and 1.8298 for the last 200 days.
Gelteq Ltd (GELS) Capital Structure & Debt Analysis
Gelteq Ltd (GELS) Efficiency & Liquidity Metrics
Based on Gelteq Ltd’s (GELS) latest financial statements, the Debt-to-Equity Ratio is 0.21%, indicating its reliance on debt financing relative to shareholder equity.
Gelteq Ltd (GELS) Efficiency & Liquidity Metrics
Gelteq Ltd [GELS]: Institutional Ownership
There are presently around $1.05%, or 2.44%% of GELS stock, in the hands of institutional investors.
