Ebang International Holdings Inc. (NASDAQ:EBON) traded at $3.82 at close of the session on Tuesday, May 04, made a downturn move of -6.6% on its previous day’s price.
Looking at the stock we see that its previous close was $4.09 and the beta (5Y monthly) reads 0 with the day’s price range being $3.6800 – 4.0400. The company has a trailing 12-month PE ratio of 0. In terms of its 52-week price range, EBON has a high of $14.95 and a low of $3.8. The company’s stock has gained about -45.66% over that past 30 days.
There have been no upward or downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the EBON stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of 50% Sell. Long term indicators on average place the stock in the category of 100% Sell.
Let’s briefly compare Ebang International Holdings Inc. (EBON) stock to its peers. We find that current price change of -6.6% and 0% over the past 12 months for EBON competes that of Stanley Black & Decker Inc (SWK), which has seen its stock price rise 1.84% in the last trading session and was +97.72% over the last one year. Another of its peers Lincoln Elec Hld (LECO) has climbed 1.16% previous session, and was +68.46% up over the past year, while Kennametal Inc (KMT) was also down -6.6% in the last session, while its price remained in the red at 0% over the same period. Ebang International Holdings Inc. has a P/E ratio of 0 compared to Stanley Black & Decker Inc’s 21.45 and Lincoln Elec Hld’s 34.7. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial were at 0.27% and 0.7%, respectively, at close of the trading.
Coming back to Ebang International Holdings Inc. (NASDAQ:EBON), we note that the average 3-month trading volume was 21.23 Million, while that of the preceding 10-day period stands at 18.83 Million. Current shares outstanding are 139.21 Million.
According to data from Thomson Reuters, insiders hold 6.77% of the company’s shares while institutions hold 6.12%. The data shows that short shares as of April 14, 2021, stood at 17.76 Million at a short ratio of 0.69. This represents a 9.56% short interest in shares outstanding on April 14, 2021. Shares short rose in April from the previous month at 4.34 Million. Investors should be worried about this stock as its upside potential is weak, with current price pushing the stock -37.07% down in year-to-date price movement.