The stock of VivoPower International PLC (NASDAQ:VVPR) is now priced at $9.12 and the shares are 0.87 points up or 10.55% higher compared to its previous closing price of $8.25. VVPR shares have a float of 2.54 million and although its performance was 177.2% over the week, it’s one to watch. It means the stock’s downside potential is -100% with the VVPR share price recently placing at $6.51 to $10.61. However, some brokerage firms have priced the stock below the average.
The shorts are climbing into the VivoPower International PLC stock, with the latest data on short interest released on August 14, 2020, showing that short interest numbers in the VVPR shares have risen. Short interest in the stock represents just 1.18% of its float, but the volume has raised by 21142. The volume of shorted shares rised to 29966 from 8824 shares over the last two weeks. The average intraday trading volume has been 97677 shares, which means that days to cover moved to roughly 1.
In the last trading session, VivoPower International PLC (NASDAQ:VVPR) raised by $5.83 over the week and gained $7.28 on its 20-day. The stock’s high in the recent session is lower when compared to its 52-week high of $10.61. The stock recorded its established 52-week high on 08/31/20.
Since 04/15/20, the stock has traded to a low of $0.59 at 1445.76%, 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 3.37. Being above 1 means that the stock’s volatility is higher than the market and traders are keenly watching it.
Looking at current readings, VivoPower International PLC’s two-week RSI is 86.31. This suggests that the stock is oversold at the moment and that VVPR shares’ price movement remains not stable. The stochastic readings are equally revealing at 86.79% meaning the VVPR share price is currently in oversold territory.
The technical chart shows that the VVPR stock will likely settle at between $10.98 and $12.85 per share. However, if the stock dips below $6.88, then its market would become much weaker. Any downside could see the stock price sliding to levels as low as $4.65.
Currently, the stock is trading in the green of MACD, with a reading of 2.51. 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 77.6. VivoPower International PLC has its P/E ratio at 5.1, which means that the stock is currently trading at a premium relative to the 4.3 industry average.