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Why Did Jowell Global Ltd. (NASDAQ: JWEL) Drop So Much?

Jowell Global Ltd. (NASDAQ:JWEL) traded at $0.45 at last check on Wednesday, November 23, made a downward move of -4.52% on its previous day’s price.

Looking at the stock we see that its previous close was $0.48 with the day’s price range being $0.45 – $0.50. In terms of its 52-week price range, JWEL has a high of $25.78 and a low of $0.37. The company’s stock has lost about -64.48% over that past 30 days.

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Jowell Global Ltd. has a market cap of $17.83 million and is expected to release its quarterly earnings report on Jun 16, 2021.

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 JWEL stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of 100% Sell. Long term indicators on average place the stock in the category of 100% Sell.

Looking further, we note the current price level is -61.13% off its SMA20 and -71.95% from its 50-day simple moving average. The RSI (14) is pointing at 25.04 while the volatility over the past week is 23.78% and jumps to 24.56% over the past one month.

Coming back to Jowell Global Ltd. (NASDAQ:JWEL), we note that the average 3-month trading volume was 1.05 million, while that of the preceding 10-day period stands at 3.56 million. Current shares outstanding are 34.06 million.

The insiders hold 16.28% of the company’s shares while institutions hold 0.04%. The data shows that short shares as of Oct 13, 2022, stood at 0.32 million at a short ratio of 0.4. This represents a 1.03% short interest in shares outstanding on Oct 13, 2022. Shares short rose in October from the previous month at 0.13 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -97.79% down in year-to-date price movement.

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