E-Home Household Service Holdings Ltd (NASDAQ: EJH): Forecast Weak In 2024, Up -98.71%

The trading price of E-Home Household Service Holdings Ltd (NASDAQ:EJH) floating lower at last check on current market day and closing at $0.88, -8.65% lower than its previous close.

Traders who pay close attention to intraday price movement should know that it has been fluctuating between $0.8801 and $0.9679. In examining the 52-week price action we see that the stock hit a 52-week high of $253.00 and a 52-week low of $0.80. Over the past month, the stock has lost -22.36% in value.

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E-Home Household Service Holdings Ltd, whose market valuation is $7.55 million at the time of this writing, is expected to release its quarterly earnings report in November. Investors’ optimism about the company’s current quarter earnings report is understandable.

On the technical side, indicators suggest EJH has a 100% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Sell, while an average of long term indicators suggests that the stock is currently 100% Sell.

A quick review shows that EJH’s price is currently -13.43% off the SMA20 and -73.99% off the SMA50. The RSI metric on the 14-day chart is currently showing 24.57, and weekly volatility stands at 7.31%. When measured over the past 30 days, the indicator reaches 10.37%. E-Home Household Service Holdings Ltd (NASDAQ:EJH)’s beta value is currently sitting at 2.26, while the Average True Range indicator is currently displaying 0.20.

To see how E-Home Household Service Holdings Ltd stock has been performing today in comparison to its peers in the industry, here are the numbers: EJH stock’s performance was -8.65% at last check in today’s session, and -98.71% in the past year.

An evaluation of the daily trading volume of E-Home Household Service Holdings Ltd (NASDAQ:EJH) indicates that the 3-month average is 1.28 million. However, this figure has increased over the past 10 days to an average of 0.85.

Currently, records show that 8.54 million of the company’s shares remain outstanding. The insiders hold 0.06% of outstanding shares, whereas institutions hold 0.06%. The stats also highlight that short interest as of 2024-09-13, stood at 0.16 million shares, resulting in a short ratio of 0.06 at that time. From this, we can conclude that short interest is 187.00 of the company’s total outstanding shares. It is noteworthy that short shares in September were down slightly from the previous month’s figure, which was 0.36 million. However, since the stock’s price has seen -99.56% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.

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