Graphjet Technology (NASDAQ:GTI) shares traded 15.56% higher at $0.10 on Wall Street last session.
GTI stock price is now -61.05% away from the 50-day moving average and -95.44% away from the 200-day moving average. The market capitalization of the company currently stands at $14.83M.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
In other news, SURIA SUKSES ENGINEERING SDN B, 10% Owner sold 2,490,517 shares of the company’s stock on Jan 14 ’25. The stock was sold for $1,145,638 at an average price of $0.46. Upon completion of the transaction, the 10% Owner now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 13 ’25, 10% Owner SURIA SUKSES ENGINEERING SDN B sold 2,000,000 shares of the business’s stock. A total of $840,000 was realized by selling the stock at an average price of $0.42. This leaves the insider owning 2,490,517 shares of the company worth $0.25 million. A total of 26.01% of the company’s stock is owned by insiders.
During the past 12 months, Graphjet Technology has had a low of $0.08 and a high of $11.09. The fifty day moving average price for GTI is $0.2594 and a two-hundred day moving average price translates $2.214725 for the stock.
The latest earnings results from Graphjet Technology (NASDAQ: GTI) was released for 2024-06-30. The company reported revenue of $2.13 million for the quarter, compared to $0.43 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 399.53 percent.