Spotting A Winner: Eastside Distilling Inc (NASDAQ: EAST) Advances 89.45 And It Still Have Room To Run

Eastside Distilling Inc (NASDAQ:EAST) currently has a daily average trading volume of 96.62K but it saw 137072254 shares traded in last market. With a market cap of 2.53M USD, the company’s current market price of $1.44 came rising about 89.45 while comparing to the previous closing price of $0.76. In past 52 weeks, the stock remained buoying in the range of price level as high as $2.06 and as low as $0.65. In the recent trading on the day, stock has struck highest price mark of $1.37 while lowest mark touched by it was $2.98.

Taking a look at 20-day trading activity of Eastside Distilling Inc (EAST) gives us an average price of $0.8174, while its current price level is -30.09% below from 52-week high level whereas it is 121.54% 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 $0.9101 while that of 200 days or SMA-200 reads an average of $1.0436. A closer look into the stock’s movement over the week reveals that its volatility is standing at 28.30% during that period while stretching the period over a month that decreases to 16.16%. 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 72.63 which implies that the stock is in overbought territory.

Over the week, EAST’s stock price is moving 73.83% up while it is 80.47% when we observe its performance for the past one month. Year-to-date it is 11.63% up and over the past year, the stock is showing a downside performance of -19.55%.

Currently, Eastside Distilling Inc’s total number of outstanding shares is 1.71M. Company’s return on equity (ROE) at -260.25%. Stock’s beta reads 1.80. Stock has a price to sale or P/S ratio amounts to 0.24. Its return on asset (ROA) is -38.99% on average.