Paranovus Entertainment Technology Ltd (NASDAQ: PAVS) has experienced a decline in its stock price by -10.59 compared to its previous closing price of 0.77. However, the company has seen a fall of -23.33% in its stock price over the last five trading days. prnewswire.com reported 2024-07-23 that NEW YORK, July 23, 2024 /PRNewswire/ — Paranovus Entertainment Technology Limited (“PAVS” or the “Company”), (NASDAQ: PAVS) announced today that the Company received a notification letter from the Nasdaq Listing Qualifications Staff of The NASDAQ Stock Market LLC (“Nasdaq”) on July 17, 2024, notifying the Company that the minimum bid price per share for its Class A ordinary shares has been below $1.00 for a period of 30 consecutive business days and the Company therefore no longer meets the minimum bid price requirements set forth in Nasdaq Listing Rule 5550(a)(2). The notification received has no immediate effect on the listing of the Company’s Class A ordinary shares on Nasdaq.
Is It Worth Investing in Paranovus Entertainment Technology Ltd (NASDAQ: PAVS) Right Now?
Additionally, the 36-month beta value for PAVS is 0.04. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for PAVS is 5.35M and currently, short sellers hold a 0.43% ratio of that float. The average trading volume of PAVS on October 07, 2024 was 146.95K shares.
PAVS’s Market Performance
PAVS stock saw a decrease of -23.33% in the past week, with a monthly decline of -15.86% and a quarterly a decrease of -19.79%. The volatility ratio for the week is 69.04%, and the volatility levels for the last 30 days are 20.42% for Paranovus Entertainment Technology Ltd (PAVS). The simple moving average for the past 20 days is -16.23% for PAVS’s stock, with a -53.19% simple moving average for the past 200 days.
PAVS Trading at -25.21% from the 50-Day Moving Average
After a stumble in the market that brought PAVS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -78.37% of loss for the given period.
Volatility was left at 20.42%, however, over the last 30 days, the volatility rate increased by 69.04%, as shares sank -14.71% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -29.59% lower at present.
During the last 5 trading sessions, PAVS fell by -23.33%, which changed the moving average for the period of 200-days by -72.18% in comparison to the 20-day moving average, which settled at $0.8177. In addition, Paranovus Entertainment Technology Ltd saw -71.95% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for PAVS
Current profitability levels for the company are sitting at:
- -0.84 for the present operating margin
- 0.0 for the gross margin
The net margin for Paranovus Entertainment Technology Ltd stands at -0.07. The total capital return value is set at -1.58. Equity return is now at value -39.22, with -18.10 for asset returns.
Based on Paranovus Entertainment Technology Ltd (PAVS), the company’s capital structure generated 0.29 points at debt to capital in total, while cash flow to debt ratio is standing at -7.74. The debt to equity ratio resting at 0.41. The interest coverage ratio of the stock is -208.74.
Currently, EBITDA for the company is -2.43 million with net debt to EBITDA at -0.17. When we switch over and look at the enterprise to sales, we see a ratio of 0.66. The receivables turnover for the company is 33.92for trailing twelve months and the total asset turnover is 1.25. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.11.
Conclusion
In conclusion, Paranovus Entertainment Technology Ltd (PAVS) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
