The stock of Natuzzi S.p.A. (NYSE:NTZ) is now priced at $1.86 and the shares are 0.09 points up or 5.08% higher compared to its previous closing price of $1.77. The stock had 1.413 million contracts set over the past session. NTZ shares’ daily volume is compared to its average trading volume at 1.248 million shares. However, it has a float of 0.96 million and although its performance was 66.07% over the week, it’s one to watch. It means the stock’s downside potential is -100% with the NTZ share price recently placing at $1.62 to $2.48. However, some brokerage firms have priced the stock below the average, including one that has called euro;23.00.
The shorts are running away from the Natuzzi S.p.A. stock, with the latest data on short interest released on June 30, 2020, showing that short interest numbers in the NTZ shares have declined. Short interest in the stock represents just 0% of its float, but the volume has dropped by 0.
In the last trading session, Natuzzi S.p.A. (NYSE:NTZ) raised by $0.74 over the week and gained $0.7216 on its 20-day. The stock’s high in the recent session is lower when compared to its 52-week high of $2.48. The stock recorded its established 52-week high on 07/24/20.
Since 04/07/20, the stock has traded to a low of $0.3696 at 403.31%, 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 2.15. Being above 1 means that the stock’s volatility is higher than the market and traders are keenly watching it.
Looking at current readings, Natuzzi S.p.A.’s two-week RSI is 75.44. This suggests that the stock is oversold at the moment and that NTZ shares’ price movement remains not stable. The stochastic readings are equally revealing at 59.52% meaning the NTZ share price is currently in neutral territory.
The technical chart shows that the NTZ stock will likely settle at between $1.9567 and $2.0533 per share. However, if the stock dips below $1.6667, then its market would become much weaker. Any downside could see the stock price sliding to levels as low as $1.4733.
Currently, the stock is trading in the green of MACD, with a reading of 0.3014. 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 NTZ stocks P/S ratio currently stands below the group’s average of 15.4. Natuzzi S.p.A. has its P/E ratio at 0.2, which means that the stock is currently trading at a discount relative to the 2.3 industry average.