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Alset EHome International Inc. (NASDAQ: AEI): A Stock Worth Watching

Alset EHome International Inc. (NASDAQ:AEI) shares, rose in value on Friday, 08/05/22, with the stock price up by 0.48% to the previous day’s close as strong demand from buyers drove the stock to $0.31.

Actively observing the price movement in the last trading, the stock closed the session at $0.31, falling within a range of $0.295 and $0.3241. Referring to stock’s 52-week performance, its high was $3.42, and the low was $0.25. On the whole, AEI has fluctuated by 7.90% over the past month.

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With the market capitalization of Alset EHome International Inc. currently standing at about $36.42 million, investors are eagerly awaiting this quarter’s results, scheduled for Nov 04, 2016 – Nov 07, 2016.

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 AEI’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium term indicators have put the stock in the category of 50% 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 AEI currently trading nearly 6.14% and 1.17% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 53.81, while the 7-day volatility ratio is showing 12.05% which for the 30-day chart, stands at 9.43%. Furthermore, Alset EHome International Inc. (AEI)’s average true range (ATR) is 0.03.

Data on historical trading for Alset EHome International Inc. (NASDAQ:AEI) indicates that the trading volumes over the past 10 days have averaged 0.56 million and over the past 3 months, they’ve averaged 1.01 million. According to company’s latest data on outstanding shares, there are 99.19 million shares outstanding.

Nearly 64.20% of Alset EHome International Inc.’s shares belong to company insiders and institutional investors own 2.60% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 1.25 million shares as on Jul 14, 2022, resulting in a short ratio of 1.34. According to the data, the short interest in Alset EHome International Inc. (AEI) stood at 1.10% of shares outstanding as of Jul 14, 2022; the number of short shares registered in Jun 14, 2022 reached 1.07 million. The stock has fallen by -43.73% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the AEI stock heading into the next quarter.

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