Ebang International Holdings Inc. (NASDAQ:EBON) price on Wednesday, August 25, fall -1.59% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $2.48.
A look at the stock’s price movement, the close in the last trading session was $2.52, moving within a range at $2.41 and $2.54. Turning to its 52-week performance, $14.95 and $1.95 were the 52-week high and 52-week low respectively. Overall, EBON moved 15.89% over the past month.
Ebang International Holdings Inc.’s market cap currently stands at around $345.24 million.
Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that EBON is a 50% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
EBON’s current price about 3.85% and -6.18% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 51.05, while 7-day volatility ratio is 6.62% and 8.78% in the 30-day chart. Further, Ebang International Holdings Inc. (EBON) has a beta value of 0, and an average true range (ATR) of 0.22.
In the market, a comparison of Ebang International Holdings Inc. (EBON) and its peers suggest the former has performed considerably weaker. Data shows EBON’s intraday price has changed -1.59% in last session and -58.53% over the past year. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are up 0.22% and 0.11% respectively in the last trading.
If we refocus on Ebang International Holdings Inc. (NASDAQ:EBON), historical trading data shows that trading volumes averaged 3.05 million over the past 10 days and 5.27 million over the past 3 months. The company’s latest data on shares outstanding shows there are 139.21 million shares.
The 7.09% of Ebang International Holdings Inc.’s shares are in the hands of company insiders while institutional holders own 12.93% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 13.26 million on May 27, 2021, giving us a short ratio of 1.38. The data shows that as of May 27, 2021 short interest in Ebang International Holdings Inc. (EBON) stood at 7.14% of shares outstanding, with shares short falling to 13.82 million registered in Apr 29, 2021. Current price change has pushed the stock -59.14% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the EBON stock continues to rise going into the next quarter.