Thunder Power Holdings Inc (NASDAQ:AIEV) shares, rose in value on Friday, January 03, with the stock price up by 3.74% to the previous day’s close as strong demand from buyers drove the stock to $0.41.
Actively observing the price movement in the last trading, the stock closed the session at $0.40, falling within a range of $0.3698 and $0.4182. The value of beta (5-year monthly) was -0.161. Referring to stock’s 52-week performance, its high was $12.12, and the low was $0.22. On the whole, AIEV has fluctuated by 20.98% over the past month.
With the market capitalization of Thunder Power Holdings Inc currently standing at about $20.80 million, investors are eagerly awaiting this quarter’s results, scheduled for in February.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that AIEV’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of AIEV currently trading nearly 25.22% and 24.56% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 58.78, while the 7-day volatility ratio is showing 35.80% which for the 30-day chart, stands at 22.67%. Furthermore, Thunder Power Holdings Inc (AIEV)’s beta value is 0.25, and its average true range (ATR) is 0.08.
A comparison of Thunder Power Holdings Inc (AIEV) with its peers suggests the former has fared considerably weaker in the market. AIEV showed an intraday change of 3.74% in last session, and over the past year, it shrunk by -96.17%%.
Data on historical trading for Thunder Power Holdings Inc (NASDAQ:AIEV) indicates that the trading volumes over the past 10 days have averaged 2.27 and over the past 3 months, they’ve averaged 2.59 million. According to company’s latest data on outstanding shares, there are 50.72 million shares outstanding.
Nearly 6.04% of Thunder Power Holdings Inc’s shares belong to company insiders and institutional investors own 10.20% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 0.25 million shares as on 2024-10-31, resulting in a short ratio of 3.55. The stock has fallen by -6.82% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the AIEV stock heading into the next quarter.
