Elevai Labs Inc. (NASDAQ: ELAB): Retirees Don’t Worry About Volatility

Elevai Labs Inc. (NASDAQ:ELAB) currently has a daily average trading volume of 2.08M but it saw 3082687 shares traded in last market. With a market cap of 6.54M USD, the company’s current market price of $0.32 came rising about 1.16 while comparing to the previous closing price of $0.32. In past 52 weeks, the stock remained buoying in the range of price level as high as $4.24 and as low as $0.22. In the recent trading on the day, stock has struck highest price mark of $0.2761 while lowest mark touched by it was $0.34.

Taking a look at 20-day trading activity of Elevai Labs Inc. (ELAB) gives us an average price of $0.3008, while its current price level is -92.37% below from 52-week high level whereas it is 48.83% 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 $0.4205. A closer look into the stock’s movement over the week reveals that its volatility is standing at 18.98% during that period while stretching the period over a month that decreases to 16.36%. 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 47.27 which implies that the stock is in neutral territory.

Over the week, ELAB’s stock price is moving -0.40% down while it is -3.11% when we observe its performance for the past one month. Year-to-date it is -82.29% down and over the past year.

Currently, Elevai Labs Inc.’s total number of outstanding shares is 17.33M. Company’s return on investment (ROI) stands at -179.98%. Stock has a price to book (P/B) ratio of 2.32 while price to sale or P/S ratio amounts to 2.65.