Market Momentum: N2OFF Inc (NITO) Registers a 2.96% Increase, Closing at $3.83

Kevin Freeman

Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.

N2OFF Inc (NASDAQ: NITO) closed the day trading at $3.83 up 2.96% from the previous closing price of $3.72. In other words, the price has increased by $2.96 from its previous closing price. On the day, 0.1 million shares were traded. NITO stock price reached its highest trading level at $3.93 during the session, while it also had its lowest trading level at $3.57.

Ratios:

For a better understanding of NITO, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 4.72 and its Current Ratio is at 4.73. In the meantime, Its Debt-to-Equity ratio is 0.12 whereas as Long-Term Debt/Eq ratio is at 0.12.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, NITO now has a Market Capitalization of 3758953 and an Enterprise Value of 739139. For the stock, the TTM Price-to-Sale (P/S) ratio is 16.61 while its Price-to-Book (P/B) ratio in mrq is 19.99. Its current Enterprise Value per Revenue stands at 3.438 whereas that against EBITDA is -0.121.

Stock Price History:

The Beta on a monthly basis for NITO is 1.64, which has changed by -0.56969345 over the last 52 weeks, in comparison to a change of 0.17342639 over the same period for the S&P500. Over the past 52 weeks, NITO has reached a high of $122.15, while it has fallen to a 52-week low of $3.57. The 50-Day Moving Average of the stock is -48.33%, while the 200-Day Moving Average is calculated to be -73.14%.

Shares Statistics:

Over the past 3-months, NITO traded about 201.22K shares per day on average, while over the past 10 days, NITO traded about 1058100 shares per day. A total of 30.10M shares are outstanding, with a floating share count of 0.57M. Insiders hold about 40.19% of the company’s shares, while institutions hold 1.34% stake in the company. Shares short for NITO as of 1757894400 were 15263 with a Short Ratio of 0.08, compared to 1755216000 on 20439. Therefore, it implies a Short% of Shares Outstanding of 15263 and a Short% of Float of 1.72.

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