The stock of Kubient, Inc. (NASDAQ:KBNT) is now priced at $4.14 and the shares are 0.41 points up or 10.99% higher compared to its previous closing price of $3.73. The stock had 8.506 million contracts set over the past session. KBNT shares’ daily volume is compared to its average trading volume at 321700 shares. However, it has a float of 4.17 million and although its performance was -0.24% over the week, it’s one to watch. It means the stock’s downside potential is -100% with the KBNT share price recently placing at $3.67 to $5.26. However, some brokerage firms have priced the stock below the average.
The shorts are climbing into the Kubient, Inc. stock, with the latest data on short interest released on August 14, 2020, showing that short interest numbers in the KBNT shares have risen. Short interest in the stock represents just 0.37% of its float, but the volume has raised by 15424. The volume of shorted shares rised to 15424 from shares over the last two weeks. The average intraday trading volume has been 208245 shares, which means that days to cover moved to roughly 1.
The technical chart shows that the KBNT stock will likely settle at between $5.04 and $5.95 per share. However, if the stock dips below $3.45, then its market would become much weaker. Any downside could see the stock price sliding to levels as low as $2.77.
Currently, the stock is trading in the red of MACD, with a reading of -0.18. 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 6367.1. Kubient, Inc. has its P/E ratio at 0, which means that the stock is currently trading at a discount relative to the 11.6 industry average.