Heramba Electric plc. (NASDAQ: PITA): Retirees Don’t Worry About Volatility

Heramba Electric plc. (NASDAQ:PITA) currently has a daily average trading volume of 618.84K but it saw 6392942 shares traded in last market. With a market cap of 30.34M USD, the company’s current market price of $2.29 remained unchanged while comparing to the previous closing price of $2.29. In past 52 weeks, the stock remained buoying in the range of price level as high as $15.00 and as low as $1.64. In the recent trading on the day, stock has struck highest price mark of $2.19 while lowest mark touched by it was $2.74.

Taking a look at 20-day trading activity of Heramba Electric plc. (PITA) gives us an average price of $2.57, while its current price level is -84.73% below from 52-week high level whereas it is 39.63% above from lowest level seen by the stock during that period. A closer look into the stock’s movement over the week reveals that its volatility is standing at 14.30% during that period while stretching the period over a month that increases to 23.35%. 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 30.79 which implies that the stock is in neutral territory.

Over the week, PITA’s stock price is moving -4.58% down while it is -46.74% when we observe its performance for the past one month. Year-to-date it is -78.33% down and over the past year, the stock is showing a downside performance of -77.83%.

Company’s return on investment (ROI) stands at -0.59% and return on equity (ROE) at -0.35%. Stock’s beta reads 0.14. Stock has a price to book (P/B) ratio of 0.37. Its return on asset (ROA) is -0.31% on average.