Endra Life Sciences Inc (NDRA)

[dndodd]

https://fostersresearch.com/2020/07/02/endra-life-sciences-inc-ndra-got-you-down-better-days-are-ahead/


ENDRA Life Sciences Inc. (NDRA) Got You Down? Better Days Are Ahead
By
Wendy Andrews -
July 2, 2020

The stock of ENDRA Life Sciences Inc. (NASDAQ:NDRA) is now priced at $0.93 and the shares are -0.03 points down or -3.38% lower compared to its previous closing price of $0.96. The stock had 228253 contracts set over the past session. NDRA shares’ daily volume is compared to its average trading volume at 331438 shares. However, it has a float of 12.68 million and although its performance was -3.15% over the week, it’s one to watch. NDRA share price recently placing at $0.94 to $1.

The shorts are climbing into the ENDRA Life Sciences Inc. stock, with the latest data on short interest released on June 15, 2020, showing that short interest numbers in the NDRA shares have risen. Short interest in the stock represents just 4.89% of its float, but the volume has raised by 655. The volume of shorted shares rised to 620394 from 619739 shares over the last two weeks. The average intraday trading volume has been 335150 shares, which means that days to cover moved to roughly 1.851094.

In the last trading session, ENDRA Life Sciences Inc. (NASDAQ:NDRA) dropped by -$0.0302 over the week and lost -$0.0101 on its 20-day. The stock’s high in the recent session is lower when compared to its 52-week high of $2.25. The stock recorded its established 52-week high on 01/06/20.

Since 04/06/20, the stock has traded to a low of $0.599 at 55.24%, an encouraging piece of data likely to interest most investors out to exploit the stock’s recent surge. The stock has a beta allocation of 0. Being above 1 means that the stock’s volatility is higher than the market and traders are keenly watching it.

Looking at current readings, ENDRA Life Sciences Inc.’s two-week RSI is 49.5. This suggests that the stock is neutral at the moment and that NDRA shares’ price movement remains stable. The stochastic readings are equally revealing at 44.48% meaning the NDRA share price is currently in neutral territory.

The technical chart shows that the NDRA stock will likely settle at between $0.963 and $0.9962 per share. However, if the stock dips below $0.9037, then its market would become much weaker. Any downside could see the stock price sliding to levels as low as $0.8776.

Currently, the stock is trading in the red of MACD, with a reading of -0.0173. Investors always pay attention to any move above or below the zero-line, mainly because the indicator points to the position of the stock’s short-term average relative to its long-term measure. A MACD -a reading above the zero line means that the short-term is above the long-term average. This scenario implies that there is an upward momentum. The opposite is true when the MACD falls below the zero-line.

The average rating for the NDRA equity is 2 and is currently gathering a bullish momentum. Of 2 analysts tracking ENDRA Life Sciences Inc. polled by Reuters, 0 rated NDRA as a hold. The remaining 2 analysts were split evenly. However, the split wasn’t equal as a majority (2) rated it as a buy or strong buy. 0 analyst advised investors against buying the stock or to sell if they own any of the stock.

The stocks P/S ratio currently stands at 0below the group’s average of 55.4. ENDRA Life Sciences Inc. has its P/E ratio at 5.5, which means that the stock is currently trading at a premium relative to the 5.3 industry average.

TAGS
ENDRA Life Sciences Inc.
NASDAQ:NDRA
NDRA
NDRA news
NDRA stock