The trading price of SRIVARU Holding Ltd. (NASDAQ:SVMH) closed lower on current market day and closing at $0.13, -7.89% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $0.133 and $0.1458. The company’s P/E ratio in the trailing 12-month period was 38.34. In examining the 52-week price action we see that the stock hit a 52-week high of $2.52 and a 52-week low of $0.08. Over the past month, the stock has lost -4.14% in value.
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SRIVARU Holding Ltd., whose market valuation is $5.01 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 SVMH’s price is currently 20.12% off the SMA20 and -18.37% off the SMA50. The RSI metric on the 14-day chart is currently showing 50.55, and weekly volatility stands at 34.29%. When measured over the past 30 days, the indicator reaches 22.66%. SRIVARU Holding Ltd. (NASDAQ:SVMH)’s beta value is currently sitting at -0.84, while the Average True Range indicator is currently displaying 0.03.
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 -7.89% in the latest trading, and -94.25% in the past year. SRIVARU Holding Ltd. has a P/E ratio of 38.34.
An evaluation of the daily trading volume of SRIVARU Holding Ltd. (NASDAQ:SVMH) indicates that the 3-month average is 11.25 million. However, this figure has increased over the past 10 days to an average of 17.19.
Currently, records show that 37.33 million of the company’s shares remain outstanding. The insiders hold 13.28% of outstanding shares, whereas institutions hold 11.10%. The stats also highlight that short interest as of 2024-07-31, stood at 0.16 million shares, resulting in a short ratio of 0.02 at that time. From this, we can conclude that short interest is 137.00 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 91722.0. However, since the stock’s price has seen -62.48% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
