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Thunder Power Holdings Inc (AIEV) – Don’t Be So Quick to Call it Dead

Thunder Power Holdings Inc (NASDAQ: AIEV) is -60.52% lower on its value in year-to-date trading and has touched a low of $0.19 and a high of $12.12 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 AIEV stock was last observed hovering at around $0.20 in the last trading session, with the day’s loss setting it -0.03%.

Currently trading at $0.17, the stock is -23.29% and -36.90% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.03 million and changing -12.98% at the moment leaves the stock -87.65% off its SMA200. AIEV registered -98.40% loss for a year compared to 6-month loss of -63.04%. The firm has a 50-day simple moving average (SMA 50) of $0.27528 and a 200-day simple moving average (SMA200) of $1.406585.

The stock witnessed a -28.81% gain in the last 1 month and extending the period to 3 months gives it a -41.10%, and is -12.05% 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 27.76% over the week and 13.27% over the month.

Thunder Power Holdings Inc (AIEV) has around 3 employees, a market worth around $8.81M and $0.00M in sales. Distance from 52-week low is -8.58% and -98.57% from its 52-week high. The company has generated returns on investments over the last 12 months (-33.44%).

11.0 institutions hold shares in Thunder Power Holdings Inc (AIEV), with institutional investors hold 43.26% of the company’s shares. The shares outstanding are 50.72M, and float is at 47.66M with Short Float at 0.35%. Institutions hold 9.42% of the Float.

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