Zhibao Technology Inc. (ZBAO) Shares Down Despite Recent Market Volatility

Zhibao Technology Inc. (NASDAQ: ZBAO)’s stock price has gone decline by -10.81 in comparison to its previous close of 3.70,

Is It Worth Investing in Zhibao Technology Inc. (NASDAQ: ZBAO) Right Now?

The average trading volume of ZBAO on April 04, 2024 was 754.98K shares.

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ZBAO’s Market Performance

The simple moving average for the past 20 days is -10.81% for ZBAO’s stock, with a -10.81% simple moving average for the past 200 days.

ZBAO Trading at -10.81% from the 50-Day Moving Average

After a stumble in the market that brought ZBAO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -17.50% of loss for the given period.

During the last 5 trading sessions, ZBAO fell by -10.81%, in comparison to the 20-day moving average. In addition, Zhibao Technology Inc. saw -10.81% in overturn over a single year, with a tendency to cut further losses.

Stock Fundamentals for ZBAO

Equity return is now at value -174.91, with -38.98 for asset returns.

Conclusion

To put it simply, Zhibao Technology Inc. (ZBAO) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating 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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