Elong Power Holding Ltd (NASDAQ: ELPW) is -79.43% 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 $2.22 in the last trading session, with the day’s gains setting it 0.01%.
Currently trading at $2.23, the stock is 69.76% and -14.72% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.47 million and changing 0.45% at the moment leaves the stock -34.59% off its SMA200. ELPW registered 68.94% gain for a year compared to 6-month loss of 66.42%. The firm has a 50-day simple moving average (SMA 50) of $2.61504 and a 200-day simple moving average (SMA200) of $3.41215.
The stock witnessed a 116.50% gain in the last 1 month and extending the period to 3 months gives it a 114.53%, and is 88.98% 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 43.57% over the week and 22.00% over the month.
Current P/E ratio is 10.29. Distance from 52-week low is 298.07% and -82.30% from its 52-week high. The company has generated returns on investments over the last 12 months (2.74%).
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Elong Power Holding Ltd (ELPW) Top Institutional Holders
The shares outstanding are 50.06M, and float is at 6.97M with Short Float at 1.33%.
