SRIVARU Holding Ltd (NASDAQ: SVMH)’s stock price has plunge by 6.22relation to previous closing price of 0.02. Nevertheless, the company has seen a 9.87% surge in its stock price over the last five trading sessions. globenewswire.com reported 2024-11-18 that GRAND CAYMAN, Cayman Islands, Nov. 18, 2024 (GLOBE NEWSWIRE) — SRIVARU Holding Limited (Nasdaq: SVMH, SVMHW) (“SRIVARU” or the “Company”), a manufacturer of premium electric motorcycles, today announced progress in its efforts to gain compliance with Nasdaq listing standards. On September 18, 2024, the Company received a letter from the Office of the General Counsel of The Nasdaq Stock Market LLC (“Nasdaq”) confirming the Nasdaq Hearing Panel’s (the “Panel”) decision to grant SRIVARU’s request for continued listing on Nasdaq. This decision allowed the Company additional time to execute its compliance plan (the “Plan”), subject to the condition that SRIVARU demonstrate compliance with certain requirements for continued listing by November 14, 2024. The Panel would then evaluate the Company’s progress and consider its request for additional time to complete the Plan.
Is It Worth Investing in SRIVARU Holding Ltd (NASDAQ: SVMH) Right Now?
SRIVARU Holding Ltd (NASDAQ: SVMH) has a higher price-to-earnings ratio of 7.31x compared to its average ratio, The 36-month beta value for SVMH is at -0.43.
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The public float for SVMH is 48.82M, and currently, shorts hold a 4.83% of that float. The average trading volume for SVMH on November 22, 2024 was 23.91M shares.
SVMH’s Market Performance
The stock of SRIVARU Holding Ltd (SVMH) has seen a 9.87% increase in the past week, with a -66.40% drop in the past month, and a -82.43% fall in the past quarter. The volatility ratio for the week is 22.95%, and the volatility levels for the past 30 days are at 20.28% for SVMH. The simple moving average for the last 20 days is -14.16% for SVMH stock, with a simple moving average of -82.82% for the last 200 days.
SVMH Trading at -59.70% 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 -97.96% of loss for the given period.
Volatility was left at 20.28%, however, over the last 30 days, the volatility rate increased by 22.95%, as shares sank -64.78% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -78.44% lower at present.
During the last 5 trading sessions, SVMH rose by +12.45%, which changed the moving average for the period of 200-days by -85.44% in comparison to the 20-day moving average, which settled at $0.0299. In addition, SRIVARU Holding Ltd saw -92.84% 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 1.96 points at debt to capital in total, while cash flow to debt ratio is standing at -24.65.
Currently, EBITDA for the company is -11.36 million with net debt to EBITDA at -0.02. When we switch over and look at the enterprise to sales, we see a ratio of 2079.27. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.01.
Conclusion
In conclusion, SRIVARU Holding Ltd (SVMH) has had a bad 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.
