Zoomcar Holdings Inc (NASDAQ: ZCAR) is -97.99% lower on its value in year-to-date trading and has touched a low of $3.93 and a high of $1289.00 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 ZCAR stock was last observed hovering at around $6.50 in the last trading session, with the day’s gains setting it 0.93%.
Currently trading at $7.43, the stock is 4.53% and -31.97% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.07 million and changing 14.31% at the moment leaves the stock -82.56% off its SMA200. ZCAR registered -99.12% loss for a year compared to 6-month loss of -71.42%. The firm has a 50-day simple moving average (SMA 50) of $11.0396 and a 200-day simple moving average (SMA200) of $43.7509.
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The stock witnessed a -42.85% gain in the last 1 month and extending the period to 3 months gives it a -58.23%, and is -4.38% down 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 20.73% over the week and 41.13% over the month.
Current P/E ratio is 0.02. Profit margin for the company is 11.25%. Distance from 52-week low is 89.05% and -99.42% from its 52-week high.
The shares outstanding are 0.75M, and float is at 0.66M with Short Float at 4.88%.
