The stock of Vislink Technologies, Inc. (NASDAQ:VISL) is now priced at $1.74 and the shares are -0.08 points down or -4.4% lower compared to its previous closing price of $1.82. The stock had 2.575 million contracts set over the past session. VISL shares’ daily volume is compared to its average trading volume at 4.149 million shares. However, it has a float of 15.14 million and although its performance was 2.35% over the week, it’s one to watch. It means the stock’s downside potential is -100% with the VISL share price recently placing at $1.6901 to $1.82. However, some brokerage firms have priced the stock below the average, including one that has called $60.
The shorts are climbing into the Vislink Technologies, Inc. stock, with the latest data on short interest released on August 14, 2020, showing that short interest numbers in the VISL shares have risen. Short interest in the stock represents just 7.64% of its float, but the volume has raised by 66879. The volume of shorted shares rised to 1.156 million from 1.089 million shares over the last two weeks. The average intraday trading volume has been 1.526 million shares, which means that days to cover moved to roughly 1.
In the last trading session, Vislink Technologies, Inc. (NASDAQ:VISL) raised by $0.04 over the week and lost -$0.83 on its 20-day. The stock’s high in the recent session is lower when compared to its 52-week high of $8.94. The stock recorded its established 52-week high on 06/04/20.
Since 03/16/20, the stock has traded to a low of $0.66 at 163.64%, 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 1.45. Being above 1 means that the stock’s volatility is higher than the market and traders are keenly watching it.
Looking at current readings, Vislink Technologies, Inc.’s two-week RSI is 28.64. This suggests that the stock is overbought at the moment and that VISL shares’ price movement remains not stable. The stochastic readings are equally revealing at 15.74% meaning the VISL share price is currently in overbought territory.
The technical chart shows that the VISL stock will likely settle at between $1.81 and $1.8799 per share. However, if the stock dips below $1.6801, then its market would become much weaker. Any downside could see the stock price sliding to levels as low as $1.6201.
Currently, the stock is trading in the red of MACD, with a reading of -0.03. 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 at 0.2 below the group’s average of 31.7. Vislink Technologies, Inc. has its P/E ratio at 1.9, which means that the stock is currently trading at a discount relative to the 3.6 industry average.