The stock price of SRIVARU Holding Ltd. (NASDAQ: SVMH) has surged by 1.30 when compared to previous closing price of 0.08, but the company has seen a -2.01% decline in its stock price over the last five trading sessions. globenewswire.com reported 2024-09-26 that GRAND CAYMAN, Caman Islands, Sept. 26, 2024 (GLOBE NEWSWIRE) — SRIVARU Holding Limited (Nasdaq: SVMH, SVMHW) (“SRIVARU” or the “Company”), a manufacturer of premium electric motorcycles, announced today that it has successfully obtained certification from India’s Central Motor Vehicles Rules (CMVR) agency for PRANA 2.0 models, which include the PRANA Grand and PRANA Elite. This regulatory approval marks a significant achievement in SRIVARU’s mission to deliver innovative, eco-friendly transportation solutions to the rapidly expanding electric two-wheel vehicle market in India.
Is It Worth Investing in SRIVARU Holding Ltd. (NASDAQ: SVMH) Right Now?
The price-to-earnings ratio for SRIVARU Holding Ltd. (NASDAQ: SVMH) is above average at 22.29x. The 36-month beta value for SVMH is also noteworthy at -0.81.
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The public float for SVMH is 4.12M, and at present, short sellers hold a 18.99% of that float. The average trading volume of SVMH on October 23, 2024 was 6.14M shares.
SVMH’s Market Performance
The stock of SRIVARU Holding Ltd. (SVMH) has seen a -2.01% decrease in the past week, with a -20.41% drop in the past month, and a -54.52% fall in the past quarter. The volatility ratio for the week is 5.10%, and the volatility levels for the past 30 days are at 9.47% for SVMH. The simple moving average for the past 20 days is -2.29% for SVMH’s stock, with a -54.44% simple moving average for the past 200 days.
SVMH Trading at -23.14% 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 -96.58% of loss for the given period.
Volatility was left at 9.47%, however, over the last 30 days, the volatility rate increased by 5.10%, as shares sank -17.89% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -8.24% lower at present.
During the last 5 trading sessions, SVMH fell by -2.01%, which changed the moving average for the period of 200-days by -70.00% in comparison to the 20-day moving average, which settled at $0.0798. In addition, SRIVARU Holding Ltd. saw -78.19% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for SVMH
Current profitability levels for the company are sitting at:
- -1766.6 for the present operating margin
- -24.72 for the gross margin
The net margin for SRIVARU Holding Ltd. stands at -1450.82. The total capital return value is set at -24.3. Equity return is now at value 0.81, with 0.48 for asset returns.
Based on SRIVARU Holding Ltd. (SVMH), the company’s capital structure generated 1.17 points at debt to capital in total, while cash flow to debt ratio is standing at -7.14.
Currently, EBITDA for the company is -11.36 million with net debt to EBITDA at 0.01. When we switch over and look at the enterprise to sales, we see a ratio of 523.51. The receivables turnover for the company is 0.01for trailing twelve months and the total asset turnover is 0.0. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.01.
Conclusion
In summary, SRIVARU Holding Ltd. (SVMH) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
