The stock price of Thunder Power Holdings Inc (NASDAQ: AIEV) has dropped by -19.62 compared to previous close of 0.47. Despite this, the company has seen a gain of 39.93% in its stock price over the last five trading days. globenewswire.com reported 2024-11-14 that WILMINGTON, Del., Nov. 14, 2024 (GLOBE NEWSWIRE) — Thunder Power Holdings, Inc. (Nasdaq: AIEV) (“Thunder Power” or the “Company”), a technology innovator and a developer of premium passenger EVs, today announced its unaudited financial results for the three months ended September 30, 2024 (“Third Quarter 2024”).
Is It Worth Investing in Thunder Power Holdings Inc (NASDAQ: AIEV) Right Now?
The stock has a 36-month beta value of 0.24.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for AIEV is 48.53M, and at present, short sellers hold a 0.41% of that float. On December 03, 2024, the average trading volume of AIEV was 2.06M shares.
AIEV’s Market Performance
AIEV stock saw an increase of 39.93% in the past week, with a monthly gain of 14.45% and a quarterly increase of -44.36%. The volatility ratio for the week is 61.40%, and the volatility levels for the last 30 days are 28.62% for Thunder Power Holdings Inc (AIEV). The simple moving average for the last 20 days is 16.75% for AIEV’s stock, with a simple moving average of -92.46% for the last 200 days.
AIEV Trading at -3.48% from the 50-Day Moving Average
After a stumble in the market that brought AIEV to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -96.88% of loss for the given period.
Volatility was left at 28.62%, however, over the last 30 days, the volatility rate increased by 61.40%, as shares surge +20.70% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -28.85% lower at present.
During the last 5 trading sessions, AIEV rose by +39.93%, which changed the moving average for the period of 200-days by -96.50% in comparison to the 20-day moving average, which settled at $0.3236. In addition, Thunder Power Holdings Inc saw -96.51% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for AIEV
The total capital return value is set at -0.35. Equity return is now at value -7.99, with -6.55 for asset returns.
Currently, EBITDA for the company is 2.41 million with net debt to EBITDA at 0.01. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.94.
Conclusion
To sum up, Thunder Power Holdings Inc (AIEV) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing 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.
