The stock of Plus Therapeutics, Inc. (NASDAQ:PSTV) is now priced at $3.17 and the shares are 0.25 points up or 8.56% higher compared to its previous closing price of $2.92. The stock had 4.821 million contracts set over the past session. PSTV shares’ daily volume is compared to its average trading volume at 416484 shares. However, it has a float of 3.85 million and although its performance was 30.45% over the week, it’s one to watch. It means the stock’s downside potential is -100% with the PSTV share price recently placing at $2.78 to $3.56. However, some brokerage firms have priced the stock below the average, including one that has called $4.75.
The shorts are climbing into the Plus Therapeutics, Inc. stock, with the latest data on short interest released on July 15, 2020, showing that short interest numbers in the PSTV shares have risen. Short interest in the stock represents just 6.81% of its float, but the volume has raised by 116357. The volume of shorted shares rised to 261982 from 145625 shares over the last two weeks. The average intraday trading volume has been 198491 shares, which means that days to cover moved to roughly 1.319868.
In the last trading session, Plus Therapeutics, Inc. (NASDAQ:PSTV) raised by $0.74 over the week and gained $0.84 on its 20-day. The stock’s high in the recent session is lower when compared to its 52-week high of $22.89. The stock recorded its established 52-week high on 08/29/19.
Since 03/12/20, the stock has traded to a low of $0.93 at 240.49%, 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 0.59. Being above 1 means that the stock’s volatility is higher than the market and traders are keenly watching it.
Looking at current readings, Plus Therapeutics, Inc.’s two-week RSI is 70.18. This suggests that the stock is oversold at the moment and that PSTV shares’ price movement remains not stable. The stochastic readings are equally revealing at 75.51% meaning the PSTV share price is currently in oversold territory.
The technical chart shows that the PSTV stock will likely settle at between $3.56 and $3.95 per share. However, if the stock dips below $2.78, then its market would become much weaker. Any downside could see the stock price sliding to levels as low as $2.39.
Currently, the stock is trading in the green of MACD, with a reading of 0.17. 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.
The average rating for the PSTV equity is 2 and is currently gathering a bullish momentum. Of 1 analysts tracking Plus Therapeutics, Inc. polled by Reuters, 0 rated PSTV as a hold. The remaining 1 analysts were split evenly. However, the split wasn’t equal as a majority (1) rated it as a buy or strong buy. 0 analyst advised investors against buying the stock or to sell if they own any of the stock.