24.48MMarket Cap-485P/E (TTM)
8.2700High6.6200Low444.97KVolume6.9800Open6.7900Pre Close3.34MTurnover16.69%Turnover RatioLossP/E (Static)3.06MShares49.945052wk High2.19P/B21.36MFloat Cap4.890052wk Low--Dividend TTM2.67MShs Float1375.0000Historical High--Div YieldTTM24.30%Amplitude4.8900Historical Low7.5030Avg Price1Lot Size
Arrayfunction : Would you mind explaining how to incorporate float volume when evaluating a stock? That's one topic I haven't come across in any formal learning material.
I know that it refers to the number of shares available for trading. I mostly haven't figured out if it can be used in the absence of confirmation bias with all the possible branches like.....
Low float -> low liquidity -> higher risk -> removes low-risk investors (obligated like fiduciaries or individual people) -> reduced demand increases volatility -> consumer base further limited -> company becomes undesirable preventing natural share value growth -> share price extremely sensitive to any trading -> outcome ultimately up to market makers vs short sellers -> technical and fundamental analysis become irrelevant -> swing trading is reduced to a game of roulette where you bet on either the market makers or short sellers.
Did I get the standard line of thought correct?
Stock_Drift OP Arrayfunction : Yes. You did. IMO.
Arrayfunction Stock_Drift OP : Thank you! I hadn't mentally spelled it out until writing my question. The way people behave around low float penny stocks suddenly makes a lot more sense!