In the past week, EBON stock has gone down by -25.32%, with a monthly gain of 20.00% and a quarterly surge of 18.88%. The volatility ratio for the week is 20.38%, and the volatility levels for the last 30 days are 11.90% for Ebang International Holdings Inc. The simple moving average for the past 20 days is -0.08% for EBON’s stock, with a -6.50% simple moving average for the past 200 days.
Is It Worth Investing in Ebang International Holdings Inc (NASDAQ: EBON) Right Now?
The 36-month beta value for EBON is at 1.81.
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The public float for EBON is 4.99M, and currently, shorts hold a 0.37% of that float. The average trading volume for EBON on November 20, 2024 was 32.63K shares.
EBON) stock’s latest price update
The stock price of Ebang International Holdings Inc (NASDAQ: EBON) has dropped by -9.88 compared to previous close of 7.79. Despite this, the company has seen a fall of -25.32% in its stock price over the last five trading days. prnewswire.com reported 2024-09-06 that The brand’s partnership with television’s biggest night kicks off the next chapter for Johnnie Walker as it embarks on a new era of cultural collaborations, redefining expectations and occasions for Scotch whisky enjoyment NEW YORK, Sept. 6, 2024 /PRNewswire/ — Johnnie Walker, the world’s number one blended Scotch whisky, is embarking on a groundbreaking series of partnerships to inspire a new generation of whisky drinkers and expand its impact across spheres within modern luxury culture.
EBON Trading at 9.75% from the 50-Day Moving Average
After a stumble in the market that brought EBON to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -62.94% of loss for the given period.
Volatility was left at 11.90%, however, over the last 30 days, the volatility rate increased by 20.38%, as shares surge +19.79% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +21.03% upper at present.
During the last 5 trading sessions, EBON fell by -25.32%, which changed the moving average for the period of 200-days by -14.70% in comparison to the 20-day moving average, which settled at $7.03. In addition, Ebang International Holdings Inc saw -54.12% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at EBON starting from TOP ONE Ltd, who proposed sale 144,700 shares at the price of $6.36 back on Nov 04 ’24. After this action, TOP ONE Ltd now owns shares of Ebang International Holdings Inc, valued at $920,292 using the latest closing price.
Stock Fundamentals for EBON
Current profitability levels for the company are sitting at:
- -18.53 for the present operating margin
- -6.11 for the gross margin
The net margin for Ebang International Holdings Inc stands at -12.2. The total capital return value is set at -0.19. Equity return is now at value -12.08, with -11.45 for asset returns.
Currently, EBITDA for the company is -35.55 million with net debt to EBITDA at 4.71. When we switch over and look at the enterprise to sales, we see a ratio of -61.71. The receivables turnover for the company is 3.53for trailing twelve months and the total asset turnover is 0.01. The liquidity ratio also appears to be rather interesting for investors as it stands at 22.42.
Conclusion
In conclusion, Ebang International Holdings Inc (EBON) 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.
