The stock of Safe-T Group Ltd (NASDAQ:SFET) is now priced at $1.38 and the shares are -0.11 points down or -7.38% lower compared to its previous closing price of $1.49. The stock had 1.132 million contracts set over the past session. SFET shares’ daily volume is compared to its average trading volume at 2.468 million shares. However, it has a float of 1.71 million and although its performance was -15.34% over the week, it’s one to watch. It means the stock’s downside potential is -100% with the SFET share price recently placing at $1.38 to $1.46. However, some brokerage firms have priced the stock below the average.

The shorts are climbing into the Safe-T Group Ltd stock, with the latest data on short interest released on July 31, 2020, showing that short interest numbers in the SFET shares have risen. Short interest in the stock represents just 12.49% of its float, but the volume has raised by 59843. The volume of shorted shares rised to 213200 from 153357 shares over the last two weeks. The average intraday trading volume has been 1.457 million shares, which means that days to cover moved to roughly 1.

In the last trading session, Safe-T Group Ltd (NASDAQ:SFET) dropped by -$0.25 over the week and lost -$0.2 on its 20-day. The stock’s high in the recent session is lower when compared to its 52-week high of $27.6. The stock recorded its established 52-week high on 08/29/19.

Since 03/16/20, the stock has traded to a low of $0.9318 at 48.1%, an encouraging piece of data likely to interest most investors out to exploit the stock’s recent surge.

Looking at current readings, Safe-T Group Ltd’s two-week RSI is 38.03. This suggests that the stock is neutral at the moment and that SFET shares’ price movement remains stable. The stochastic readings are equally revealing at 28.71% meaning the SFET share price is currently in overbought territory.

The technical chart shows that the SFET stock will likely settle at between $1.4333 and $1.4867 per share. However, if the stock dips below $1.3533, then its market would become much weaker. Any downside could see the stock price sliding to levels as low as $1.3267.

Currently, the stock is trading in the red of MACD, with a reading of -0.0644. 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 stocks P/S ratio currently stands below the group’s average of 37.6. Safe-T Group Ltd has its P/E ratio at 5, which means that the stock is currently trading at a discount relative to the 12.7 industry average.

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