Inno Holdings Inc. (INHD) Shares Plummet Below 1-Year High

Inno Holdings Inc. (NASDAQ: INHD)’s stock price has dropped by -12.06 in relation to previous closing price of 0.77. Nevertheless, the company has seen a loss of -12.15% in its stock price over the last five trading days. Benzinga reported 2024-03-12 that The most oversold stocks in the materials sector presents an opportunity to buy into undervalued companies.

Is It Worth Investing in Inno Holdings Inc. (NASDAQ: INHD) Right Now?

The public float for INHD is 3.90M, and at present, short sellers hold a 2.73% of that float. The average trading volume of INHD on April 03, 2024 was 102.36K shares.

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INHD’s Market Performance

The stock of Inno Holdings Inc. (INHD) has seen a -12.15% decrease in the past week, with a -23.59% drop in the past month, and a -52.99% fall in the past quarter. The volatility ratio for the week is 10.99%, and the volatility levels for the past 30 days are at 10.56% for INHD. The simple moving average for the past 20 days is -22.10% for INHD’s stock, with a -48.57% simple moving average for the past 200 days.

INHD Trading at -33.67% from the 50-Day Moving Average

After a stumble in the market that brought INHD to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -96.48% of loss for the given period.

Volatility was left at 10.56%, however, over the last 30 days, the volatility rate increased by 10.99%, as shares sank -26.81% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -36.13% lower at present.

During the last 5 trading sessions, INHD fell by -12.15%, in comparison to the 20-day moving average, which settled at $0.8567. In addition, Inno Holdings Inc. saw -52.99% in overturn over a single year, with a tendency to cut further losses.

Stock Fundamentals for INHD

Equity return is now at value -124.45, with -55.78 for asset returns.

The liquidity ratio also appears to be rather interesting for investors as it stands at 1.97.

Conclusion

In summary, Inno Holdings Inc. (INHD) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.

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