The price of Graphjet Technology (NASDAQ:GTI) shares last traded on Wall Street fell -3.19% to $0.44.
GTI stock price is now -76.67% away from the 50-day moving average and -88.85% away from the 200-day moving average. The market capitalization of the company currently stands at $64.21M.
In other news, SURIA SUKSES ENGINEERING SDN B, 10% Owner sold 2,500,000 shares of the company’s stock on Jan 10 ’25. The stock was sold for $1,150,000 at an average price of $0.46. Upon completion of the transaction, the 10% Owner now directly owns 4,490,517 shares in the company, valued at $1.98 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 08 ’25, 10% Owner SURIA SUKSES ENGINEERING SDN B sold 1,645,916 shares of the business’s stock. A total of $773,581 was realized by selling the stock at an average price of $0.47. This leaves the insider owning 6,990,517 shares of the company worth $3.08 million. A total of 35.72% 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 $1.87576 and a two-hundred day moving average price translates $3.924525 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.
