The trading price of SRIVARU Holding Ltd. (NASDAQ:SVMH) closed higher on Tuesday, July 16, closing at $0.21, 2.99% higher than its previous close.
The company’s P/E ratio in the trailing 12-month period was 59.00. In examining the 52-week price action we see that the stock hit a 52-week high of $2.55 and a 52-week low of $0.11. Over the past month, the stock has gained 35.41% in value.
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SRIVARU Holding Ltd., whose market valuation is $7.69 million at the time of this writing. Investors’ optimism about the company’s current quarter earnings report is understandable.
A quick review shows that SVMH’s price is currently -0.19% off the SMA20 and 16.08% off the SMA50. The RSI metric on the 14-day chart is currently showing 52.57, and weekly volatility stands at 11.06%. When measured over the past 30 days, the indicator reaches 24.28%. SRIVARU Holding Ltd. (NASDAQ:SVMH)’s beta value is currently sitting at -0.81, while the Average True Range indicator is currently displaying 0.04.
To see how SRIVARU Holding Ltd. stock has been performing in comparison to its peers in the industry, here are the numbers: SVMH stock’s performance was 2.99% in the latest trading, and -91.06% in the past year. SRIVARU Holding Ltd. has a P/E ratio of 59.00.
An evaluation of the daily trading volume of SRIVARU Holding Ltd. (NASDAQ:SVMH) indicates that the 3-month average is 8.92 million.
Currently, records show that 37.24 million of the company’s shares remain outstanding. The insiders hold 5.52% of outstanding shares, whereas institutions hold 8.58%. However, since the stock’s price has seen -42.27% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
