Volatility Is Your Friend: Viomi Technology Co Ltd ADR (VIOT) Is Hot Again

Viomi Technology Co Ltd ADR (NASDAQ:VIOT) does about 229.66K shares in volume on a normal day but saw 218015 shares change hands in the recent trading day. The company now has a market cap of 51.76M USD. Its current market price is $1.52, marking an increase of 7.80% compared to the previous close of $1.41. The 52 week high reached by this stock is $1.91 whilst the lowest price level in 52 weeks is $0.50.

Viomi Technology Co Ltd ADR (VIOT) has a 20-day trading average at $1.3612 and the current price is -20.42% off the 52-week high compared with 202.19% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.0929 and its 200-day simple moving average is $0.8528. If we look at the stock’s price movements over the week, volatility stands at 21.34%, which decreases to 10.91% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 59.14 to suggest the stock is neutral.

The consensus objective for the share price is $1.81, suggesting that the stock has a potential upside of 16.02% over the period.

Needham initiated its price target at $10.

The current price level is 13.67%, 40.68%, and 78.91% away from its SMA20, SMA50, and SMA200 respectively, with the VIOT price moving below the 50-day SMA on current market day. Viomi Technology Co Ltd ADR (VIOT) stock is down -13.64% over the week and 49.02% over the past month. Its price is 52.00% year-to-date and 76.54% over the past year.

To reach the target analysts have set, the stock logically needs to grow 16.02 percent from here.

The company has a return on investment of -1.63% and return on equity of -1.72%. The beta has a value of 0.58. Price to book ratio is 0.55 and price to sales ratio is 0.17.