SRIVARU Holding Ltd (NASDAQ: SVMH) is -90.80% lower on its value in year-to-date trading and has touched a low of $0.02 and a high of $0.46 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 SVMH stock was last observed hovering at around $0.03 in the last trading session, with the day’s loss setting it 0.0%.
Currently trading at $0.03, the stock is 22.84% and -9.75% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 280.16 million and changing 20.71% at the moment leaves the stock -73.80% off its SMA200. SVMH registered -91.73% loss for a year compared to 6-month loss of -83.49%. The firm has a 50-day simple moving average (SMA 50) of $0.03852 and a 200-day simple moving average (SMA200) of $0.130015.
The stock witnessed a 33.74% gain in the last 1 month and extending the period to 3 months gives it a -61.74%, and is 17.08% 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 12.06% over the week and 17.44% over the month.
Current P/E ratio is 9.40. Distance from 52-week low is 87.78% and -92.65% from its 52-week high.
The shares outstanding are 548.15M, and float is at 162.71M with Short Float at 13.83%.
