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U Power Ltd (UCAR) Looks Ready for Growth Despite -57.49% Change This Year

U Power Ltd (NASDAQ: UCAR) is -57.49% lower on its value in year-to-date trading and has touched a low of $0.06 and a high of $75.00 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The UCAR stock was last observed hovering at around $0.07 in the last trading session, with the day’s gains setting it 0.01%.

Currently trading at $0.08, the stock is -3.33% and -35.82% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 18.67 million and changing 6.56% at the moment leaves the stock -97.64% off its SMA200. UCAR registered a loss of -98.25% in past 6-months. The firm has a 50-day simple moving average (SMA 50) of -$0.79 and a 200-day simple moving average (SMA200) of $0.10.

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The stock witnessed a -16.22% gain in the last 1 month and extending the period to 3 months gives it a -94.94%, and is 4.00% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 8.67% over the week and 17.24% over the month.

Distance from 52-week low is 25.00% and -99.90% from its 52-week high.

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U Power Ltd (UCAR) Top Institutional Holders

19 institutions hold shares in U Power Ltd (UCAR), with institutional investors hold 38.78% of the company’s shares. The shares outstanding are 52.50M, and float is at 15.02M with Short Float at 41.50%. Institutions hold 11.09% of the Float.

The top institutional shareholder in the company is Geode Capital Management, LLC with over 38122.0 shares valued at $0.27 million. The investor’s holdings represent 0.07% of the UCAR Shares outstanding. As of Jun 29, 2023, the second largest holder is Bank of Montreal/Can/ with 25000.0 shares valued at $0.18 million to account for 0.05% of the shares outstanding. The other top investors are Jane Street Group, LLC which holds 20695.0 shares representing 0.04% and valued at over $0.15 million, while Simplex Trading, LLC holds 0.04% of the shares totaling 19811.0 with a market value of $0.14 million.

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