The stock of Liquid Media Group Ltd. (NASDAQ:YVR) is now priced at $1.95 and the shares are 0.1 points up or 5.41% higher compared to its previous closing price of $1.85. The stock had 3.339 million contracts set over the past session. YVR shares’ daily volume is compared to its average trading volume at 1.758 million shares. However, it has a float of 5.01 million and although its performance was 20.37% over the week, it’s one to watch. The stock’s downside potential is -100% with the YVR share price recently placing at $1.73 to $2.05. However, some brokerage firms have priced the stock below the average, including one that has called $22.
The shorts are climbing into the Liquid Media Group Ltd. stock, with the latest data on short interest released on July 15, 2020, showing that short interest numbers in the YVR shares have risen. Short interest in the stock represents just 4.78% of its float, but the volume has raised by 47961. The volume of shorted shares rised to 287485 from 239524 shares over the last two weeks. The average intraday trading volume has been 871963 shares, which means that days to cover moved to roughly 1.
In the last trading session, Liquid Media Group Ltd. (NASDAQ:YVR) raised by $0.33 over the week and gained $0.51 on its 20-day. The stock’s high in the recent session is lower when compared to its 52-week high of $3.69. The stock recorded its established 52-week high on 11/29/19.
Since 10/02/19, the stock has traded to a low of $1.1 at 77.27%, an encouraging piece of data likely to interest most investors out to exploit the stock’s recent surge. The stock has a beta allocation of 0.3. Being above 1 means that the stock’s volatility is higher than the market and traders are keenly watching it.
Looking at current readings, Liquid Media Group Ltd.’s two-week RSI is 69.43. This suggests that the stock is neutral at the moment and that YVR shares’ price movement remains stable. The stochastic readings are equally revealing at 47.62% meaning the YVR share price is currently in neutral territory.
The technical chart shows that the YVR stock will likely settle at between $2.09 and $2.23 per share. However, if the stock dips below $1.77, then its market would become much weaker. Any downside could see the stock price sliding to levels as low as $1.59.
Currently, the stock is trading in the green of MACD, with a reading of 0.1478. Investors always pay attention to any move above or below the zero-line, mainly because the indicator points to the position of the stock’s short-term average relative to its long-term measure. A MACD -a reading above the zero line means that the short-term is above the long-term average. This scenario implies that there is an upward momentum. The opposite is true when the MACD falls below the zero-line.
Elsewhere, the YVR stocks P/S ratio currently stands below the group’s average of 52.4. Liquid Media Group Ltd. has its P/E ratio at 3.6, which means that the stock is currently trading at a discount relative to the 7.5 industry average.