SRAX (NASDAQ:SRAX) Share Price Crosses Below 50 Day Moving Average of $2.97

SRAX, Inc. (NASDAQ:SRAXGet Rating) shares crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $2.97 and traded as low as $2.41. SRAX shares last traded at $2.50, with a volume of 41,049 shares traded.

SRAX Price Performance

The company has a market capitalization of $65.37 million, a P/E ratio of -1.31 and a beta of 1.60. The business has a 50-day moving average of $2.97 and a 200-day moving average of $3.88.

SRAX (NASDAQ:SRAXGet Rating) last issued its quarterly earnings results on Monday, June 6th. The business services provider reported ($0.20) earnings per share (EPS) for the quarter. The company had revenue of $9.59 million during the quarter. SRAX had a negative return on equity of 55.13% and a negative net margin of 129.60%. During the same period in the previous year, the company posted ($0.57) EPS. Sell-side analysts predict that SRAX, Inc. will post 0.16 EPS for the current fiscal year.

Institutional Trading of SRAX

A number of hedge funds and other institutional investors have recently bought and sold shares of SRAX. Whitefort Capital Management LP increased its stake in SRAX by 107.8% in the first quarter. Whitefort Capital Management LP now owns 2,426,736 shares of the business services provider’s stock worth $11,721,000 after purchasing an additional 1,258,976 shares during the period. Divisadero Street Capital Management LP purchased a new stake in SRAX in the fourth quarter worth $659,000. Clear Harbor Asset Management LLC purchased a new stake in SRAX in the second quarter worth $126,000. Avenir Corp purchased a new position in shares of SRAX during the fourth quarter valued at $154,000. Finally, Vanguard Group Inc. increased its stake in shares of SRAX by 3.2% during the first quarter. Vanguard Group Inc. now owns 945,151 shares of the business services provider’s stock valued at $4,565,000 after buying an additional 29,682 shares during the period. Hedge funds and other institutional investors own 25.22% of the company’s stock.

SRAX Company Profile

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SRAX, Inc, a technology company, focused on enhancing communications between public companies and their shareholders and investors in the United States. The company offers Sequire, a Saas platform that allows issuers to track their shareholders' behaviors and trends, then use data-driven insights to engage with shareholders across marketing channels.

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