Elong Power Holding Ltd (NASDAQ:ELPW) shares, rose in value on Wednesday, July 09, with the stock price up by 9.09% to the previous day’s close as strong demand from buyers drove the stock to $2.16.
Actively observing the price movement in the last trading, the stock closed the session at $1.98, falling within a range of $1.72 and $2.23. The PE ratio was 9.96 over 12-month period. Referring to stock’s 52-week performance, its high was $12.60, and the low was $0.56. On the whole, ELPW has fluctuated by 126.18% over the past month.
With the market capitalization of Elong Power Holding Ltd currently standing at about $108.12 million, investors are eagerly awaiting this quarter’s results, scheduled for in August.
The stock’s technical analysis shows that the price of ELPW currently trading nearly 79.98% and -18.20% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 60.08, while the 7-day volatility ratio is showing 55.71% which for the 30-day chart, stands at 21.20%. Furthermore, Elong Power Holding Ltd (ELPW)’s beta value is -3.71.
A comparison of Elong Power Holding Ltd (ELPW) with its peers suggests the former has fared considerably weaker in the market. ELPW showed an intraday change of 9.09% in last session, and over the past year, it grew by 63.64%%.
Data on historical trading for Elong Power Holding Ltd (NASDAQ:ELPW) indicates that the trading volumes over the past 10 days have averaged 2.86 and over the past 3 months, they’ve averaged 1.10 million. According to company’s latest data on outstanding shares, there are 50.06 million shares outstanding.
Nearly 86.08% of Elong Power Holding Ltd’s shares belong to company insiders and institutional investors own 0.51% of the company’s shares. The stock has fallen by -80.06% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ELPW stock heading into the next quarter.
