Graphjet Technology (NASDAQ:GTI) shares traded 30.69% higher at $1.32 on Wall Street last session.
GTI stock price is now -36.84% away from the 50-day moving average and -69.03% away from the 200-day moving average. The market capitalization of the company currently stands at $577.95M.
In other news, SURIA SUKSES ENGINEERING SDN B, 10% Owner sold 5,000,000 shares of the company’s stock on Dec 26 ’24. The stock was sold for $1,950,000 at an average price of $0.39. Upon completion of the transaction, the 10% Owner now directly owns 17,982,895 shares in the company, valued at $23.74 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 27 ’24, 10% Owner SURIA SUKSES ENGINEERING SDN B sold 500,000 shares of the business’s stock. A total of $430,000 was realized by selling the stock at an average price of $0.86. This leaves the insider owning 17,482,895 shares of the company worth $23.08 million. A total of 42.18% of the company’s stock is owned by insiders.
During the past 12 months, Graphjet Technology has had a low of $0.19 and a high of $14.00. The fifty day moving average price for GTI is $2.10996 and a two-hundred day moving average price translates $4.316595 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.
