The stock has a 36-month beta value of 1.90.
The public float for ETAO is 2.23M, and at present, short sellers hold a 2.33% of that float. On May 09, 2024, the average trading volume of ETAO was 350.16K shares.
ETAO) stock’s latest price update
Etao International Co Ltd. (NASDAQ: ETAO)’s stock price has gone decline by -31.79 in comparison to its previous close of 2.80, however, the company has experienced a -39.75% decrease in its stock price over the last five trading days. InvestorPlace reported 2024-03-20 that Etao International (NASDAQ: ETAO ) stock is taking off on Wednesday after the company revealed plans for a reverse stock split. According to the company’s press release, it’s moving forward with a reverse stock split that was approved by shareholders during a Feb. 16, 2024 meeting.
ETAO’s Market Performance
ETAO’s stock has fallen by -39.75% in the past week, with a monthly drop of -50.00% and a quarterly drop of -54.53%. The volatility ratio for the week is 22.06% while the volatility levels for the last 30 days are 15.77% for Etao International Co Ltd.. The simple moving average for the past 20 days is -42.72% for ETAO’s stock, with a -65.38% simple moving average for the past 200 days.
ETAO Trading at -45.69% from the 50-Day Moving Average
After a stumble in the market that brought ETAO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -91.32% of loss for the given period.
Volatility was left at 15.77%, however, over the last 30 days, the volatility rate increased by 22.06%, as shares sank -56.09% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -44.99% lower at present.
During the last 5 trading sessions, ETAO fell by -39.75%, which changed the moving average for the period of 200-days by -80.86% in comparison to the 20-day moving average, which settled at $3.21. In addition, Etao International Co Ltd. saw -78.78% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for ETAO
Current profitability levels for the company are sitting at:
- -12.31 for the present operating margin
- 0.84 for the gross margin
The net margin for Etao International Co Ltd. stands at -14.97.
When we switch over and look at the enterprise to sales, we see a ratio of 0.16. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.93.
Conclusion
To sum up, Etao International Co Ltd. (ETAO) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing 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.
