U.S. Global Investors, Inc. (NASDAQ:GROW) last traded at $2.09 with shares with a low of $1.98 and a high of $2.14. The big move tags the stock as one of the most volatile of the day.
The $2.14 is the stock’s new 52 week high. (NASDAQ:GROW) is also considered overbought with an RSI(14) currently at 85.12 . The Relative Strength Index (RSI) is a recognized technical indicator used to evaluate strengthening and weakening momentum in stock price. An RSI above 70 is an overbought indication and under 30 is considered oversold.
U.S. Global Investors, Inc.’s stock has a beta of 0.25 meaning it is less volatile than the overall market which definitionaly has a beta of 1. Stocks with beta’s lower than 1 are less risky than the market while those with a higher beta are more risky than the market over the long haul.
The stock’s Average True Range (ATR) is 0.13. The ATR is a measure of volatility. It doesn’t indicate direction, just proclivity for motion.
The stock is trading at $2.09 significantly higher than $1.38, the 50 day moving average and significantly above the 200 day moving average of $1.44. The 50 day moving average was up $0.71 and the 200 day average was up $0.65.
Traders are feeling more bearish on shares of the company of late if you consider the motion in short interest. The firm had a rise in short interest between August 15, 2017 and August 31, 2017 of 9.29%. Short shares grew from 12,190 to 13,322 over that period. The short-interest ratio decreased to 1.0 and the percentage of shorted shares is 0.00% as of August 31.
There has been some buying insider activity on U.S. Global Investors, Inc. (NASDAQ:GROW) recently. Frank E. Holmes, CEO disclosed the purchase of 1,000 shares. The shares were purchased at an average price of $1.31. Holmes now owns $304,703 of the stock according to the SEC filing. Frank E. Holmes, CEO disclosed the purchase of 167 shares of (GROW). The shares were bought on July 7th for an average price of $1.48. The CEO now owns $339,907 of the stock per the Form 4 SEC filing.
U.S. Global Investors, Inc. also recently announced a dividend that was paid on Monday the 28th of August 2017. The dividend was $0.008 per share for the quarter which comes to $0.03 on an annualized basis. The dividend yield was $1.71. The ex-dividend date was set for Friday the 8th of September 2017.
U.S. Global Investors, Inc., launched on January 29, 1968, is an investment advisor. The Company, with principal operations located in San Antonio, Texas, manages three business segments: Investment Management Services, Investment Management Services-Canada and Corporate Investments. The Investment Management Services segment, through the United States Global Investors Funds (USGIF), offers offshore clients, and an exchange traded fund (ETF) client, a range of investment management products and services to meet the needs of individual and institutional investors. The Investment Management Services-Canada segment owns a controlling interest in Galileo Global Equity Advisors Inc. (Galileo), a Toronto-based asset management firm, which offers investment management products and services in Canada. The Corporate Investments segment invests for its own account. As part of its investment management businesses, the Company provides investment advisory services and administrative services to the mutual funds advised by the Company..