Home  »  Finance   »  Ebang International Holdings Inc. (NASDAQ: EBON) J...

Ebang International Holdings Inc. (NASDAQ: EBON) Jumps 3.23%: Is This A Sign Of Things To Come?

Ebang International Holdings Inc. (NASDAQ:EBON) shares, rose in value on Thursday, 08/04/22, with the stock price up by 3.23% to the previous day’s close as strong demand from buyers drove the stock to $0.50.

Actively observing the price movement in the last trading, the stock closed the session at $0.48, falling within a range of $0.4857 and $0.52. The value of beta (5-year monthly) was 0.39. Referring to stock’s 52-week performance, its high was $3.10, and the low was $0.37. On the whole, EBON has fluctuated by 10.31% over the past month.

Top 5 Cheap Stocks to Own Right Now

While finding safe stocks with the potential for monster gains isn't always easy, we've found a few that could pay out well. In fact, within our report, "Top 5 Cheap Stock to Own Right Now", we have identified five stocks we believe could appreciate the most even if you just have $1,000 to invest.

Sign up here to get your free report now. .

Sponsored

With the market capitalization of Ebang International Holdings Inc. currently standing at about $68.98 million, investors are eagerly awaiting this quarter’s results, scheduled for Oct 01, 2021.

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 -5.99% and -14.97% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 45.83, while the 7-day volatility ratio is showing 5.87% which for the 30-day chart, stands at 11.05%. Furthermore, Ebang International Holdings Inc. (EBON)’s average true range (ATR) is 0.05.

Data on historical trading for Ebang International Holdings Inc. (NASDAQ:EBON) indicates that the trading volumes over the past 10 days have averaged 1.19 million and over the past 3 months, they’ve averaged 1.84 million. According to company’s latest data on outstanding shares, there are 139.21 million shares outstanding.

Nearly 0.08% of Ebang International Holdings Inc.’s shares belong to company insiders and institutional investors own 19.92% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 5.15 million shares as on Jul 14, 2022, resulting in a short ratio of 1.76. According to the data, the short interest in Ebang International Holdings Inc. (EBON) stood at 2.75% of shares outstanding as of Jul 14, 2022; the number of short shares registered in Jun 14, 2022 reached 5.6 million. The stock has fallen by -51.89% 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.

Leave a Comment

Your email address will not be published.

[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]