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What Has Been Going On With Powerbridge Technologies Co. Ltd. (NASDAQ: PBTS)?

Powerbridge Technologies Co. Ltd. (NASDAQ:PBTS) traded at $2.20 at close of the session on Tuesday, 09/20/22, made an upward move of 60.62% on its previous day’s price.

Looking at the stock we see that its previous close was $1.37 and the beta (5Y monthly) reads -0.09 with the day’s price range being $1.31 – $2.21. In terms of its 52-week price range, PBTS has a high of $1.93 and a low of $0.25. The company’s stock has gained about 64.22% over that past 30 days.

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Powerbridge Technologies Co. Ltd. has a market cap of $246.13 million.

There have been no upward and no 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 PBTS stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 100% Buy.

Looking further, we note the current price level is 56.62% off its SMA20 and 66.71% from its 50-day simple moving average. The RSI (14) is pointing at 75.92 while the volatility over the past week is 20.70% and jumps to 11.67% over the past one month. The average price target for the stock over the next 12 months is $7.00, with the estimates having a low of $7.00 and a high of $7.00. These price ends are -218.18% and -218.18% off the current price level respectively, although investors could be excited at the prospect of a -218.18% if the PBTS share price touches on the median price of $7.00.

Coming back to Powerbridge Technologies Co. Ltd. (NASDAQ:PBTS), we note that the average 3-month trading volume was 1.92 million, while that of the preceding 10-day period stands at 1.01 million. Current shares outstanding are 111.85 million.

The insiders hold 19.89% of the company’s shares while institutions hold 0.78%. The data shows that short shares as of Jul 14, 2022, stood at 2.09 million at a short ratio of 0.45. This represents a 2.09% short interest in shares outstanding on Jul 14, 2022. Shares short fall in July from the previous month at 7.73 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 320.99% up in year-to-date price movement.

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