Elong Power Holding Ltd (NASDAQ: ELPW) is -80.06% lower on its value in year-to-date trading and has touched a low of $0.56 and a high of $12.60 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 ELPW stock was last observed hovering at around $1.98 in the last trading session, with the day’s gains setting it 0.18%.
Currently trading at $2.16, the stock is 79.98% and -18.20% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.84 million and changing 9.09% at the moment leaves the stock -38.26% off its SMA200. ELPW registered 63.64% gain for a year compared to 6-month loss of 67.31%. The firm has a 50-day simple moving average (SMA 50) of $2.64044 and a 200-day simple moving average (SMA200) of $3.50195.
The stock witnessed a 126.18% gain in the last 1 month and extending the period to 3 months gives it a 103.83%, and is 150.49% 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 55.71% over the week and 21.20% over the month.
Current P/E ratio is 9.96. Distance from 52-week low is 285.58% and -82.86% from its 52-week high. The company has generated returns on investments over the last 12 months (2.74%).
The shares outstanding are 50.06M, and float is at 6.97M with Short Float at 1.01%.
