The price-to-earnings ratio for Oriental Rise Holdings Ltd (NASDAQ: ORIS) is 0.86x, which is above its average ratio.
On November 13, 2024, ORIS’s average trading volume was 235.13K shares.
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ORIS) stock’s latest price update
Oriental Rise Holdings Ltd (NASDAQ: ORIS)’s stock price has dropped by -18.50 in relation to previous closing price of 6.92. Nevertheless, the company has seen a loss of -24.29% in its stock price over the last five trading days. globenewswire.com reported 2024-10-23 that Ningde, China, Oct. 23, 2024 (GLOBE NEWSWIRE) — Oriental Rise Holding Limited (“Oriental Rise” or the “Company”) (NasdaqCM: ORIS), an integrated supplier of tea products in mainland China, today announced US Tiger Securities, Inc. (“US Tiger”), who acted as the underwriter and sole book-runner of the Company’s underwritten initial public offering (“IPO”), has exercised the full over-allotment option and purchased an additional 262,500 ordinary shares of the Company at the IPO price of $4.00 per share. As a result, the Company has raised $8.05 million in gross proceeds, before underwriting discounts and other related expenses, through the issuance of a total of 2,012,500 ordinary shares in the IPO.
ORIS’s Market Performance
The simple moving average for the past 20 days is -24.26% for ORIS’s stock, with a -24.26% simple moving average for the past 200 days.
ORIS Trading at -24.26% from the 50-Day Moving Average
After a stumble in the market that brought ORIS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -52.00% of loss for the given period.
During the last 5 trading sessions, ORIS fell by -24.30%, in comparison to the 20-day moving average. In addition, Oriental Rise Holdings Ltd saw -6.00% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for ORIS
Equity return is now at value 19.34, with 18.09 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 8.86.
Conclusion
To wrap up, the performance of Oriental Rise Holdings Ltd (ORIS) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. 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.
