Why Zoomcar Holdings Inc. (NASDAQ: ZCAR) At $0.15 Is Worth Your Money?

Zoomcar Holdings Inc. (NASDAQ:ZCAR) does about 12.84M shares in volume on a normal day but saw 10842195 shares change hands in the recent trading day. The company now has a market cap of 11.13M USD. Its current market price is $0.15, marking an increase of 6.37% compared to the previous close of $0.14. The 52 week high reached by this stock is $14.75 whilst the lowest price level in 52 weeks is $0.10.

Zoomcar Holdings Inc. (ZCAR) has a 20-day trading average at $0.1350 and the current price is -99.00% off the 52-week high compared with 44.12% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.1442 and its 200-day simple moving average is $2.3654. If we look at the stock’s price movements over the week, volatility stands at 7.13%, which increases to 15.17% 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 51.61 to suggest the stock is neutral.

The current price level is 9.92%, 1.95%, and -93.89% away from its SMA20, SMA50, and SMA200 respectively, with the ZCAR price moving below the 50-day SMA on current market day. Zoomcar Holdings Inc. (ZCAR) stock is down -8.41% over the week and 10.94% over the past month. Its price is -96.02% year-to-date and -98.68% over the past year.

The company has a return on equity of 6.10%. The price to earnings ratio (P/E ratio) amounts to 0.03. The beta has a value of -0.49. Price to sales ratio is 1.63.