SRIVARU Holding Ltd.’s Stock Price Soared Recently, But There Might Be Trouble Ahead

SRIVARU Holding Ltd. (NASDAQ:SVMH) traded at $0.11 at last check on current trade day and made a downward move of -0.36% on its previous day’s price.

Looking at the stock we see that its previous close was $0.11 with the day’s price range being $0.103 – $0.1137. The company has a trailing 12-month PE ratio of 31.91. In terms of its 52-week price range, SVMH has a high of $2.52 and a low of $0.08. The company’s stock has gained about 14.92% over that past 30 days.

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SRIVARU Holding Ltd. has a market cap of $4.17 million and is expected to release its quarterly earnings report in October.

Looking further, we note the current price level is -1.71% off its SMA20 and -27.32% from its 50-day simple moving average. The RSI (14) is pointing at 42.92 while the volatility over the past week is 12.54% and jumps to 22.12% over the past one month. The beta value is -0.80, while the average true range (ATR) is currently pointing at 0.02.

Coming back to SRIVARU Holding Ltd. (NASDAQ:SVMH), we note that the average 3-month trading volume was 11.17 million, while that of the preceding 10-day period stands at 17.26 million. Current shares outstanding are 37.33 million.

The insiders hold 13.28% of the company’s shares while institutions hold 11.10%. The data shows that short shares as of 2024-08-15, stood at 0.19 million at a short ratio of 0.11. This represents a 159.00 short interest in shares outstanding on 2024-08-15. Shares short fall in August from the previous month at 0.25 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -68.77% down in year-to-date price movement.

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