The stock of Elong Power Holding Ltd (ELPW) has seen a -19.31% decrease in the past week, with a -13.46% drop in the past month, and a -91.37% decrease in the past quarter. The volatility ratio for the week is 14.74%, and the volatility levels for the past 30 days are at 17.48% for ELPW. The simple moving average for the last 20 days is -17.55% for ELPW stock, with a simple moving average of -89.00% for the last 200 days.
Is It Worth Investing in Elong Power Holding Ltd (NASDAQ: ELPW) Right Now?
Elong Power Holding Ltd (NASDAQ: ELPW) has a price-to-earnings ratio of 4.47x that is above its average ratio. Additionally, the 36-month beta value for ELPW is -0.85.
The public float for ELPW is 7.82M and currently, short sellers hold a 1.08% ratio of that float. The average trading volume of ELPW on January 16, 2025 was 210.98K shares.
ELPW) stock’s latest price update
The stock price of Elong Power Holding Ltd (NASDAQ: ELPW) has plunged by -5.94 when compared to previous closing price of 1.03, but the company has seen a -19.31% decline in its stock price over the last five trading sessions. 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
ELPW Trading at -66.12% 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 -92.31% of loss for the given period.
Volatility was left at 17.48%, however, over the last 30 days, the volatility rate increased by 14.74%, as shares sank -12.87% for the moving average over the last 20 days.
During the last 5 trading sessions, ELPW fell by -23.80%, in comparison to the 20-day moving average, which settled at $1.1723. In addition, Elong Power Holding Ltd saw -26.61% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for ELPW
Equity return is now at value 2.78, with 2.72 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 0.05.
Conclusion
In conclusion, Elong Power Holding Ltd (ELPW) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
