SRIVARU Holding Ltd. (SVMH) Stock: Analyzing the Market Value

SRIVARU Holding Ltd. (NASDAQ: SVMH) has a higher price-to-earnings ratio of 78.86x compared to its average ratio, The 36-month beta value for SVMH is at -0.75.

The public float for SVMH is 35.18M, and currently, shorts hold a 1.62% of that float. The average trading volume for SVMH on June 25, 2024 was 6.53M shares.

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SVMH) stock’s latest price update

The stock of SRIVARU Holding Ltd. (NASDAQ: SVMH) has increased by 20.52 when compared to last closing price of 0.23.Despite this, the company has seen a gain of 21.32% in its stock price over the last five trading days. investorplace.com reported 2024-06-14 that Srivaru (NASDAQ: SVMH ) stock is rocketing higher on Friday after the electric motorcycles company announced a launch for its PRANA 2.0. The PRANA 2.0 is an electric motorcycle made by the company with value in mind.

SVMH’s Market Performance

SVMH’s stock has risen by 21.32% in the past week, with a monthly rise of 109.09% and a quarterly rise of 36.63%. The volatility ratio for the week is 26.67% while the volatility levels for the last 30 days are 25.33% for SRIVARU Holding Ltd. The simple moving average for the last 20 days is 42.20% for SVMH’s stock, with a simple moving average of -63.83% for the last 200 days.

SVMH Trading at 54.56% 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 -89.17% of loss for the given period.

Volatility was left at 25.33%, however, over the last 30 days, the volatility rate increased by 26.67%, as shares surge +36.97% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +18.97% upper at present.

During the last 5 trading sessions, SVMH rose by +21.32%, in comparison to the 20-day moving average, which settled at $0.1978. In addition, SRIVARU Holding Ltd. saw -22.84% 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

In conclusion, SRIVARU Holding Ltd. (SVMH) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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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