The trading price of Ebang International Holdings Inc. (NASDAQ:EBON) floating lower at last check on Tuesday, Feb 23, closing at $8.41, -12.34% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it has been fluctuating between $5.90 and $7.48. The company’s P/E ratio in the trailing 12-month period was 0, while its 5Y monthly beta was 0. In examining the 52-week price action we see that the stock hit a 52-week high of $14.95 and a 52-week low of $3.8. Over the past month, the stock has gained 64.26% in value.
To see how Ebang International Holdings Inc. stock has been performing today in comparison to its peers in the industry, here are the numbers: EBON stock’s performance was -12.34% at last check in today’s session, and 0% in the past year, while Stanley Black & Decker Inc (SWK) has been trading -0.44% in recent session and positioned +9.75% higher than it was a year ago. Another comparable company Lincoln Elec Hld (LECO) saw its stock trading -0.07% lower in today’s session but was up +31.76% in a year. Furthermore, Kennametal Inc (KMT) showed a decline of -12.34% today while its price kept declining at 0% over the past year. Ebang International Holdings Inc. has a P/E ratio of 0, compared to Stanley Black & Decker Inc’s 22.51 and Lincoln Elec Hld’s 33.97. Also during today’s trading, the S&P 500 Index has soared -0.49%, while the Dow Jones Industrial also saw a negative seesion, down -0.27% today.
An evaluation of the daily trading volume of Ebang International Holdings Inc. (NASDAQ:EBON) indicates that the 3-month average is 11.78 Million. However, this figure has increased over the past 10 days to an average of 68.46 Million.
Currently, records show that 92.41 Million of the company’s shares remain outstanding. According to Thomson Reuters data, insiders hold 11.69% of outstanding shares, whereas institutions hold 0.8%. The stats also highlight that short interest as of January 28, 2021, stood at 1.39 Million shares, resulting in a short ratio of 0.14 at that time. From this, we can conclude that short interest is 1.06% of the company’s total outstanding shares. It is noteworthy that short shares in January were up slightly from the previous month’s figure, which was 1.16 Million. However, since the stock’s price has seen +38.55% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.