Elong Power Holding Ltd (NASDAQ:ELPW) shares, rose in value, with the stock price down by -30.83% to the previous day’s close as strong demand from buyers drove the stock to $3.50.
Actively observing the price movement in the last trading, the stock closed the session at $5.06. The PE ratio was 16.14 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 25.45% over the past month.
With the market capitalization of Elong Power Holding Ltd currently standing at about $162.47 million, investors are eagerly awaiting this quarter’s results, scheduled for in June.
The stock’s technical analysis shows that the price of ELPW currently trading nearly -25.04% and 23.50% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 44.63, while the 7-day volatility ratio is showing 20.94% which for the 30-day chart, stands at 16.08%. Furthermore, Elong Power Holding Ltd (ELPW)’s beta value is -1.44, and its average true range (ATR) is 1.10.
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 -30.83% in last session, and over the past year, it shrunk by -67.14%%.
Data on historical trading for Elong Power Holding Ltd (NASDAQ:ELPW) indicates that the trading volumes over the past 3 months, they’ve averaged 356.67K. According to company’s latest data on outstanding shares, there are 6.00 million shares outstanding.
Nearly 87.54% of Elong Power Holding Ltd’s shares belong to company insiders and institutional investors own 2.51% of the company’s shares. The stock has risen by 165.15% 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.
