Zoomcar Holdings Inc. (NASDAQ: ZCAR) Recovers 46.96% From 52-Week Low, Is ZCAR Still A High-Risk, High-Reward Play?

money audit

Zoomcar Holdings Inc. (NASDAQ:ZCAR) currently has a daily average trading volume of 14.67M but it saw 22005140 shares traded in last market. With a market cap of 11.35M USD, the company’s current market price of $0.15 came falling about -0.40 while comparing to the previous closing price of $0.15. In past 52 weeks, the stock remained buoying in the range of price level as high as $14.75 and as low as $0.10. In the recent trading on the day, stock has struck highest price mark of $0.1447 while lowest mark touched by it was $0.1635.

Taking a look at 20-day trading activity of Zoomcar Holdings Inc. (ZCAR) gives us an average price of $0.1296, while its current price level is -98.98% below from 52-week high level whereas it is 46.96% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $0.1440 while that of 200 days or SMA-200 reads an average of $2.6574. A closer look into the stock’s movement over the week reveals that its volatility is standing at 26.30% during that period while stretching the period over a month that decreases to 14.14%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 54.44 which implies that the stock is in neutral territory.

Over the week, ZCAR’s stock price is moving 38.67% up while it is 7.84% when we observe its performance for the past one month. Year-to-date it is -95.94% down and over the past year, the stock is showing a downside performance of -98.63%.

Currently, Zoomcar Holdings Inc.’s total number of outstanding shares is 75.70M with 11.88% of that held by the insiders while 1.96% of its common stock has been owned by the institutions. Company’s return on equity (ROE) at 6.10%. It has a price to earnings ratio (P/E ratio) of 0.03. Stock’s beta reads -0.48. Stock has a price to sale or P/S ratio amounts to 1.66. Its return on asset (ROA) is 17.04% on average.