The stock of AIkido Pharma Inc. (NASDAQ:AIKI) is now priced at $0.64 and the shares are -0.04 points down or -6.32% lower compared to its previous closing price of $0.68. The stock had 1.019 million contracts set over the past session. AIKI shares’ daily volume is compared to its average trading volume at 4.521 million shares. However, it has a float of 32.95 million and although its performance was -5.71% over the week, it’s one to watch. It means the stock’s downside potential is -100% with the AIKI share price recently placing at $0.6181 to $0.6889. However, some brokerage firms have priced the stock below the average, including one that has called $1802.25.
The shorts are running away from the AIkido Pharma Inc. stock, with the latest data on short interest released on August 14, 2020, showing that short interest numbers in the AIKI shares have declined. Short interest in the stock represents just 0.17% of its float, but the volume has dropped by -47925. The volume of shorted shares dropped to 55748 from 103673 shares over the last two weeks. The average intraday trading volume has been 2.79 million shares, which means that days to cover moved to roughly 1.
In the last trading session, AIkido Pharma Inc. (NASDAQ:AIKI) dropped by -$0.0387 over the week and lost -$0.4508 on its 20-day. The stock’s high in the recent session is lower when compared to its 52-week high of $5.52. The stock recorded its established 52-week high on 03/09/20.
Since 04/01/20, the stock has traded to a low of $0.48 at 34.63%, 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 1.9. Being above 1 means that the stock’s volatility is higher than the market and traders are keenly watching it.
Looking at current readings, AIkido Pharma Inc.’s two-week RSI is 32.57. This suggests that the stock is neutral at the moment and that AIKI shares’ price movement remains stable. The stochastic readings are equally revealing at 6.07% meaning the AIKI share price is currently in overbought territory.
The technical chart shows that the AIKI stock will likely settle at between $0.6794 and $0.7195 per share. However, if the stock dips below $0.6086, then its market would become much weaker. Any downside could see the stock price sliding to levels as low as $0.5779.
Currently, the stock is trading in the red of MACD, with a reading of -0.0336. 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.