The stock of Decent Holding Inc (NASDAQ: DXST) has increased by 11.11 when compared to last closing price of 1.71.Despite this, the company has seen a gain of 10.47% in its stock price over the last five trading days. globenewswire.com reported 2025-01-24 that NEW YORK, Jan. 24, 2025 (GLOBE NEWSWIRE) — On Jan. 23, 2025, Decent Holding Inc. (Nasdaq: DXST) (the “Company”), an established wastewater treatment services provider in China, announced the closing of its initial public offering (the “Offering”) of 1,250,000 ordinary shares (the “Ordinary Shares”) at a public offering price of $4.00 per share for aggregate gross proceeds of $5 million, before deducting underwriting discounts and other offering expenses. The Ordinary Shares commenced trading on Nasdaq Capital Market on January 22, 2025, under the ticker symbol “DXST.” The Offering closed on January 23, 2025.
Is It Worth Investing in Decent Holding Inc (NASDAQ: DXST) Right Now?
On February 05, 2025, the average trading volume of DXST was 2.03M shares.
DXST’s Market Performance
The simple moving average for the past 20 days is -11.91% for DXST’s stock, with a -11.91% simple moving average for the past 200 days.
DXST Trading at -11.91% from the 50-Day Moving Average
After a stumble in the market that brought DXST to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -66.90% of loss for the given period.
During the last 5 trading sessions, DXST rose by +10.47%, in comparison to the 20-day moving average. In addition, Decent Holding Inc saw -53.20% in overturn over a single year, with a tendency to cut further losses.
Conclusion
To sum up, Decent Holding Inc (DXST) 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.
