Jiuzi Holdings Inc (JZXN): A Technical Analysis

JZXN has 36-month beta value of 1.81.

The public float for JZXN is 10.36M, and currently, short sellers hold a 0.14% ratio of that float. The average trading volume of JZXN on August 14, 2024 was 56.26K shares.

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JZXN) stock’s latest price update

Jiuzi Holdings Inc (NASDAQ: JZXN)’s stock price has soared by 5.44 in relation to previous closing price of 2.85. Nevertheless, the company has seen a gain of 50.25% in its stock price over the last five trading days. globenewswire.com reported 2024-06-28 that HANGZHOU, China, June 28, 2024 (GLOBE NEWSWIRE) — Jiuzi Holdings, Inc. (NASDAQ: JZXN; the “Company”), a leading new energy vehicle (NEV) dealership group under the brand name “Jiuzi” in China, today announced that it will effect a reverse share split of its outstanding ordinary shares, par value $0.00015 per share (the “Ordinary Shares”), at a ratio of 1-for-13, to be effective on or around the open of trading on July 3, 2024.

JZXN’s Market Performance

Jiuzi Holdings Inc (JZXN) has experienced a 50.25% rise in stock performance for the past week, with a -2.28% drop in the past month, and a -37.96% drop in the past quarter. The volatility ratio for the week is 16.59%, and the volatility levels for the past 30 days are at 17.76% for JZXN. The simple moving average for the last 20 days is 36.73% for JZXN’s stock, with a simple moving average of -68.60% for the last 200 days.

JZXN Trading at -11.07% from the 50-Day Moving Average

After a stumble in the market that brought JZXN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -95.55% of loss for the given period.

Volatility was left at 17.76%, however, over the last 30 days, the volatility rate increased by 16.59%, as shares surge +10.68% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -29.12% lower at present.

During the last 5 trading sessions, JZXN rose by +55.50%, which changed the moving average for the period of 200-days by -68.10% in comparison to the 20-day moving average, which settled at $2.21. In addition, Jiuzi Holdings Inc saw -73.44% in overturn over a single year, with a tendency to cut further losses.

Stock Fundamentals for JZXN

Current profitability levels for the company are sitting at:

  • -6.85 for the present operating margin
  • -0.01 for the gross margin

The net margin for Jiuzi Holdings Inc stands at -7.06. Equity return is now at value -193.50, with -73.69 for asset returns.

When we switch over and look at the enterprise to sales, we see a ratio of 34.51. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.56.

Conclusion

To put it simply, Jiuzi Holdings Inc (JZXN) has had a bad 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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