Kernel Group Holdings Inc. (NASDAQ:KRNL) saw an upside of 0.10% to close Tuesday at $10.16 after adding $0.01 on the day. The 5-day average trading volume is 892,880 shares of the company’s common stock. It has gained $10.18 in the past week and touched a new high 5 times within the past 5 days. An average of 327,430 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 168,960.
KRNL’s 1-month performance is 0.59% or $0.07 on its low of $10.08 reached on 12/29/22. The company’s shares have touched a 52-week low of $9.68 and high of $10.35, with the stock’s rally to the 52-week high happening on 01/24/23. YTD, KRNL has achieved 0.59% or $0.06 and has reached a new high 7 times. However, the current price is down -1.84% from the 52-week high price.
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Moving on to other valuation ratios, the price-to-book (PB) in the most recent quarter is 1.32.
Kernel Group Holdings Inc.’s quick ratio for the recent period was 0.10, with the current ratio over the same period at 0.10.
Net income shrunk -368.26% to $2.3 million, while revenue of $4.3 million was -86.96% off the previous quarter. Shareholders hold equity totaling $38.09 million.
Let’s look briefly at Kernel Group Holdings Inc. (KRNL) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 24 January was 69.80% to suggest the stock is trending Neutral, with historical volatility in this time period at 1.46%.
The stock’s 5-day moving average is $10.15, reflecting a +0.10% or $0.01 change from its current price. KRNL is currently trading +0.69% above its 20-day SMA, +3.15% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +1.60% and SMA200 by+4.42%.
Stochastic %K and %D was 84.26% and 83.64% and the average true range (ATR) pointed at 0.02. The RSI (14) points at 70.18%, while the 14-day stochastic is at 77.78% with the period’s ATR at 0.02. The stock’s 9-day MACD Oscillator is pointing at 0.01 and 0.02 on the 14-day charts.