The stock of SRIVARU Holding Ltd. (NASDAQ: SVMH) has decreased by -11.93 when compared to last closing price of 0.14.Despite this, the company has seen a loss of -36.47% in its stock price over the last five trading days. InvestorPlace reported 2024-01-16 that Srivaru (NASDAQ: SVMH ) stock is sliding lower on Tuesday after the electric vehicle (EV) company’s shares underwent a massive rally on Friday. Srivaru closed out trading on Friday up 46.2%.
Is It Worth Investing in SRIVARU Holding Ltd. (NASDAQ: SVMH) Right Now?
The price-to-earnings ratio for SRIVARU Holding Ltd. (NASDAQ: SVMH) is 36.29x, which is above its average ratio. Moreover, the 36-month beta value for SVMH is -0.96.
The public float for SVMH is 35.18M and currently, short sellers hold a 0.82% of that float. On May 06, 2024, SVMH’s average trading volume was 1.24M shares.
SVMH’s Market Performance
The stock of SRIVARU Holding Ltd. (SVMH) has seen a -36.47% decrease in the past week, with a -37.75% drop in the past month, and a -36.50% fall in the past quarter. The volatility ratio for the week is 21.48%, and the volatility levels for the past 30 days are at 14.99% for SVMH. The simple moving average for the past 20 days is -36.49% for SVMH’s stock, with a -88.75% simple moving average for the past 200 days.
SVMH Trading at -39.90% from the 50-Day Moving Average
After a stumble in the market that brought SVMH to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -95.06% of loss for the given period.
Volatility was left at 14.99%, however, over the last 30 days, the volatility rate increased by 21.48%, as shares sank -36.50% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -32.45% lower at present.
During the last 5 trading sessions, SVMH fell by -36.47%, in comparison to the 20-day moving average, which settled at $0.1963. In addition, SRIVARU Holding Ltd. saw -64.50% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for SVMH
Equity return is now at value 0.81, with 0.48 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 0.01.
Conclusion
To wrap up, the performance of SRIVARU Holding Ltd. (SVMH) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. 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.
