Elong Power Holding Ltd (NASDAQ: ELPW)’s stock price has dropped by -23.11 in relation to previous closing price of 2.38. Nevertheless, the company has seen a loss of -71.58% in its stock price over the last five trading days. globenewswire.com reported 2024-11-21 that Shares of eLong Power Holding Limited are anticipated to begin trading on the Nasdaq Stock Market under the symbol “ELPW” on November 22, 2024
Is It Worth Investing in Elong Power Holding Ltd (NASDAQ: ELPW) Right Now?
The 36-month beta value for ELPW is also noteworthy at -0.35.
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ELPW currently public float of 0.43M.The average trading volume of ELPW on November 25, 2024 was 85.66K shares.
ELPW’s Market Performance
ELPW’s stock has seen a -71.58% decrease for the week, with a -84.09% drop in the past month and a -83.47% fall in the past quarter. The volatility ratio for the week is 46.23%, and the volatility levels for the past 30 days are at 32.13% for Elong Power Holding Ltd The simple moving average for the last 20 days is -72.83% for ELPW’s stock, with a simple moving average of -82.36% for the last 200 days.
ELPW Trading at -80.50% from the 50-Day Moving Average
After a stumble in the market that brought ELPW to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -85.48% of loss for the given period.
Volatility was left at 32.13%, however, over the last 30 days, the volatility rate increased by 46.23%.
During the last 5 trading sessions, ELPW fell by -23.53%, in comparison to the 20-day moving average. In addition, Elong Power Holding Ltd saw -82.73% in overturn over a single year, with a tendency to cut further losses.
Conclusion
In summary, Elong Power Holding Ltd (ELPW) 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.
