The trading price of Elevai Labs Inc. (NASDAQ:ELAB) closed higher on current market day and closing at $0.32, 1.56% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $0.2758 and $0.333. In examining the 52-week price action we see that the stock hit a 52-week high of $4.24 and a 52-week low of $0.22. Over the past month, the stock has lost -29.35% in value.
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Elevai Labs Inc., whose market valuation is $6.56 million at the time of this writing, is expected to release its quarterly earnings report in September. Investors’ optimism about the company’s current quarter earnings report is understandable.
A quick review shows that ELAB’s price is currently -2.42% off the SMA20 and -28.62% off the SMA50. The RSI metric on the 14-day chart is currently showing 43.37, and weekly volatility stands at 25.87%. When measured over the past 30 days, the indicator reaches 14.23%. Elevai Labs Inc. (NASDAQ:ELAB)’s beta value is currently sitting at 0, while the Average True Range indicator is currently displaying 0.05.
To see how Elevai Labs Inc. stock has been performing in comparison to its peers in the industry, here are the numbers: ELAB stock’s performance was 1.56% in the latest trading.
An evaluation of the daily trading volume of Elevai Labs Inc. (NASDAQ:ELAB) indicates that the 3-month average is 1.28 million. However, this figure has increased over the past 10 days to an average of 7.85.
Currently, records show that 17.33 million of the company’s shares remain outstanding. The insiders hold 51.65% of outstanding shares, whereas institutions hold 0.75%. The stats also highlight that short interest as of 2024-07-31, stood at 86298.0 shares, resulting in a short ratio of 1.26 at that time. From this, we can conclude that short interest is 96.00 of the company’s total outstanding shares. It is noteworthy that short shares in July were up slightly from the previous month’s figure, which was 82507.0. However, since the stock’s price has seen -82.22% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
