Ebang International Holdings Inc. (NASDAQ:EBON) shares, rose in value on Wednesday, 07/21/21, with the stock price up by 3.10% to the previous day’s close as strong demand from buyers drove the stock to $2.33.
Actively observing the price movement in the last trading, the stock closed the session at $2.26, falling within a range of $2.29 and $2.41. Referring to stock’s 52-week performance, its high was $14.95, and the low was $1.95. On the whole, EBON has fluctuated by -30.45% over the past month.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that EBON’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of EBON currently trading nearly -15.23% and -22.52% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 33.53, while the 7-day volatility ratio is showing 9.59% which for the 30-day chart, stands at 7.36%. Furthermore, Ebang International Holdings Inc. (EBON)’s average true range (ATR) is 0.22.
Data on historical trading for Ebang International Holdings Inc. (NASDAQ:EBON) indicates that the trading volumes over the past 10 days have averaged 4.14 million and over the past 3 months, they’ve averaged 7.55 million. According to company’s latest data on outstanding shares, there are 139.21 million shares outstanding.
Nearly 7.09% of Ebang International Holdings Inc.’s shares belong to company insiders and institutional investors own 12.93% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 13.26 million shares as on May 27, 2021, resulting in a short ratio of 1.38. According to the data, the short interest in Ebang International Holdings Inc. (EBON) stood at 7.14% of shares outstanding as of May 27, 2021; the number of short shares registered in Apr 29, 2021 reached 13.82 million. The stock has fallen by -61.61% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the EBON stock heading into the next quarter.