Psyence Biomedical Ltd [NASDAQ: PBM] loss -38.35% or -1.07 points to close at $1.72 with a heavy trading volume of 20293251 shares.
It opened the trading session at $2.1, the shares rose to $2.29 and dropped to $1.58, the range by which the price of stock traded the whole day. The daily chart for PBM points out that the company has recorded -61.09% loss over the past six months.
If we look at the average trading volume of 578.00K shares, PBM reached to a volume of 20293251 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Trading performance analysis for PBM stock
Psyence Biomedical Ltd [PBM] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -38.35. With this latest performance, PBM shares dropped by -47.08% in over the last four-week period, additionally sinking by -61.09% over the last 6 months – not to mention a drop of -89.77% 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 PBM stock in for the last two-week period is set at 28.96, with the RSI for the last a single of trading hit 0.34, and the three-weeks RSI is set at 0.34 for Psyence Biomedical Ltd [PBM]. The present Moving Average for the last 50 days of trading for this stock 3.29, while it was recorded at 2.58 for the last single week of trading, and 4.83 for the last 200 days.
Psyence Biomedical Ltd (PBM) Capital Structure & Debt Analysis
Psyence Biomedical Ltd (PBM) Efficiency & Liquidity Metrics
Psyence Biomedical Ltd (PBM) Efficiency & Liquidity Metrics
An analysis of Institutional ownership at Psyence Biomedical Ltd [PBM]
There are presently around $10.06%, or 10.08%% of PBM stock, in the hands of institutional investors. The top three institutional holders of PBM stocks are: ADVISORSHARES INVESTMENTS LLC with ownership of 0.46 million shares, which is approximately 23.9034%. CANTOR FITZGERALD, L. P., holding 0.34 million shares of the stock with an approximate value of $$0.1 million in PBM stocks shares; and CANTOR FITZGERALD, L. P., currently with $$6866.0 in PBM stock with ownership which is approximately 1.1814%.
