Ebang International Holdings Inc. (NASDAQ:EBON) traded on Tuesday with an addition of $0.06 to $1.97, an upside of 2.88 percent. An average of 2,540,641 shares of common stock have been traded in the last five days. There was a fall of -$0.0774 in the past week. The last 20 days have seen an average of 2,543,545 shares traded, while the 50-day average volume stands at 3,309,582.
EBON stock has decreased by -30.04% in the last month. The company shares reached their 1-month lowest point of $1.8300 on 09/29/21. With the stock rallying to its 52-week high on 02/18/21, shares of the company touched a low of $1.83 and a high of $13.70 in 52 weeks. In spite of this, the price is down -85.66% from the 52-week high.
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Ebang International Holdings Inc. (EBON) has a trailing price-to-earnings (P/E) ratio of 20.23 for the broader industry and 36.51 for the sector. This means investors are optimistic about the stock’s future prospects. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 13.99.
On the profitability front, the trailing 12-month gross margin 5-year average of. Ebang International Holdings Inc.’s EBITDA margin is -102.58%. Its gross profit as reported stood at -$2.9 million compared to revenue of $19.0 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. Ebang International Holdings Inc.’s return on assets was over the last five years. For the broader industry, ROE averaged 6.64 over the past year.
From a technical analysis perspective, let’s take a brief look at Ebang International Holdings Inc. (EBON) price momentum. RSI 9-day as of the close on 04 October was 38.12%, suggesting the stock is Neutral, with historical volatility in this time frame at 81.25%.
As of today, EBON’s price is $1.9105 -3.79% or -$0.0774 from its 5-day moving average. EBON is currently trading -22.12% lower than its 20-day SMA and -18.56% lower than its 100-day SMA. However, the stock’s current price level is -21.18% below the SMA50 and -55.19% below the SMA200.
The stochastic %K and %D were 17.84% and 13.78%, respectively, and the average true range (ATR) was 0.1541. With the 14-day stochastic at 24.33% and the average true range at 0.1645, the RSI (14) stands at 39.30%. The stock has reached -0.1039 on the 9-day MACD Oscillator while the 14-day reading was at -0.1654.
The consensus rating for Ebang International Holdings Inc. (EBON) among analysts is -. According to current brokerage recommendations, 0 brokerage firms advise that investors sell EBON, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 0 others rate it as a “buy”.