Electriq Power Holdings Inc. (NYSE:ELIQ) finished Thursday with an addition of $1.52 to close at $2.99, an upside of 103.40 percent. An average of 10,167,540 shares of common stock have been traded in the last five days. There was a gain of $1.4500 in the past week, and it reached a new high 39 times over the past 12 months. The last 20 days have seen an average of 2,800,830 shares traded, while the 50-day average volume stands at 1,302,788.
ELIQ stock has decreased by -59.26% in the last month. The company shares reached their 1-month lowest point of $1.4100 on 08/22/23. With the stock rallying to its 52-week high on 07/24/23, shares of the company touched a low of $1.41 and a high of $11.85 in 52 weeks. It has reached a new high 10 times so far this year and lost -70.63% or -$7.1900 in price. In spite of this, the price is down -74.77% from the 52-week high.
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Valuation Metrics
Electriq Power Holdings Inc. (ELIQ) has a trailing price-to-earnings (P/E) ratio of 299.00. The stock’s beta is 0.26. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 16.20, the price-to-book (PB) ratio at 0.55.
Financial Health
The quick ratio of Electriq Power Holdings Inc. for the recent quarter was 0.00, and the current ratio was 0.00, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.08 for the recent quarter.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Electriq Power Holdings Inc.’s return on assets was 0.60%.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Electriq Power Holdings Inc. (ELIQ) price momentum. RSI 9-day as of the close on 24 August was 49.27%, suggesting the stock is Neutral, with historical volatility in this time frame at 396.19%.
As of today, ELIQ’s price is $1.8600 +94.16% or $1.4500 from its 5-day moving average. ELIQ is currently trading -54.97% lower than its 20-day SMA and -70.60% lower than its 100-day SMA. However, the stock’s current price level is -71.52% below the SMA50 and -69.64% below the SMA200.
The stochastic %K and %D were 19.82% and 8.83%, respectively, and the average true range (ATR) was 0.7700. With the 14-day stochastic at 54.86% and the average true range at 0.7700, the RSI (14) stands at 39.06%. The stock has reached 0.1600 on the 9-day MACD Oscillator while the 14-day reading was at -0.1800.
