The stock of Kaleyra, Inc. (NYSE:KLR) is now priced at $7.3 and the shares are 0.97 points up or 15.32% higher compared to its previous closing price of $6.33. The stock had 1.366 million contracts set over the past session. KLR shares’ daily volume is compared to its average trading volume at 0.41 million shares. However, it has a float of 6.42 million and although its performance was 16.24% over the week, it’s one to watch. It means the stock’s downside potential is -100% with the KLR share price recently placing at $6.36 to $7.75. However, some brokerage firms have priced the stock below the average, including one that has called $7.

The shorts are running away from the Kaleyra, Inc. stock, with the latest data on short interest released on July 31, 2020, showing that short interest numbers in the KLR shares have declined. Short interest in the stock represents just 9.68% of its float, but the volume has dropped by 0.

In the last trading session, Kaleyra, Inc. (NYSE:KLR) raised by $1.02 over the week and gained $2.54 on its 20-day. The stock’s high in the recent session is lower when compared to its 52-week high of $11.35. The stock recorded its established 52-week high on 11/26/19.

Since 06/26/20, the stock has traded to a low of $3.8 at 92.11%, an encouraging piece of data likely to interest most investors out to exploit the stock’s recent surge.

Looking at current readings, Kaleyra, Inc.’s two-week RSI is 78.64. This suggests that the stock is oversold at the moment and that KLR shares’ price movement remains not stable. The stochastic readings are equally revealing at 84.36% meaning the KLR share price is currently in oversold territory.

The technical chart shows that the KLR stock will likely settle at between $7.91 and $8.53 per share. However, if the stock dips below $6.52, then its market would become much weaker. Any downside could see the stock price sliding to levels as low as $5.75.

Currently, the stock is trading in the green of MACD, with a reading of 0.27. 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.

Analysts at Maxim Group assigned KLR a rating of Buy in their intiating review released on July 28. Oppenheimer analysts see the stock as a Outperform with a target price of $12 in a flash note released to investors on June 29 initiating covering the stock.

The average rating for the KLR equity is — and is currently gathering a bearish momentum. Of 5 analysts tracking Kaleyra, Inc. polled by Reuters, 0 rated KLR as a hold. The remaining 5 analysts were split evenly. However, the split wasn’t equal as a majority (5) 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.

Elsewhere, the KLR stock price is 52.14X ahead of its 12-month Consensus earnings per share estimates. The stocks P/S ratio currently stands below the group’s average of 23.9. Kaleyra, Inc. has its P/E ratio at 0, which means that the stock is currently trading at a discount relative to the 1.6 industry average.