Thunder Power Holdings Inc. (AIEV): Uncovering A True Diamond In The Rough

Thunder Power Holdings Inc. (NASDAQ:AIEV) currently has a daily average trading volume of 789.43K but it saw 2721850 shares traded in last market. With a market cap of 1.68M USD, the company’s current market price of $0.53 came falling about -26.38 while comparing to the previous closing price of $0.72. In past 52 weeks, the stock remained buoying in the range of price level as high as $12.12 and as low as $0.43. In the recent trading on the day, stock has struck highest price mark of $0.4611 while lowest mark touched by it was $0.8.

Taking a look at 20-day trading activity of Thunder Power Holdings Inc. (AIEV) gives us an average price of $0.6326, while its current price level is -95.63% below from 52-week high level whereas it is 23.31% 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 $0.8575 while that of 200 days or SMA-200 reads an average of $8.1565. A closer look into the stock’s movement over the week reveals that its volatility is standing at 24.88% during that period while stretching the period over a month that decreases to 18.61%. 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 30.06 which implies that the stock is in neutral territory.

Over the week, AIEV’s stock price is moving -16.52% down while it is 0.00% when we observe its performance for the past one month. Year-to-date it is -95.10% down and over the past year, the stock is showing a downside performance of -94.94%.

Currently, Thunder Power Holdings Inc.’s total number of outstanding shares is 5.54M. Company’s return on investment (ROI) stands at -16.56% and return on equity (ROE) at -4.46%. Stock’s beta reads -0.37. Stock has a price to book (P/B) ratio of 3.31. Its return on asset (ROA) is -3.68% on average.