U-BX Technology Ltd. (NASDAQ: UBXG) Trading under Its 20 Day MA ($10.8429), Why Showing An Interesting Price Pattern?

U-BX Technology Ltd. (NASDAQ:UBXG) does about 1.93M shares in volume on a normal day but saw 1565425 shares change hands in the recent trading day. The company now has a market cap of 20.19M USD. Its current market price is $0.75, marking a decrease of -19.61% compared to the previous close of $0.93. The 52 week high reached by this stock is $35.44 whilst the lowest price level in 52 weeks is $0.93.

U-BX Technology Ltd. (UBXG) has a 20-day trading average at $10.8429 and the current price is -97.89% off the 52-week high compared with -19.51% distance from its 52-week low. The 50-day simple moving average of the closing price is $9.1401. If we look at the stock’s price movements over the week, volatility stands at 20.84%, which increases to 72.85% 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 36.09 to suggest the stock is neutral.

The current price level is -93.42%, -91.96%, and -90.21% away from its SMA20, SMA50, and SMA200 respectively, with the UBXG price moving above the 50-day SMA on current market day. U-BX Technology Ltd. (UBXG) stock is down -46.60% over the week and -92.34% over the past month. Its price is -81.77% year-to-date.

Outstanding shares total 28.50M with insiders holding 42.94% of the shares and institutional holders owning 0.07% of the company’s common stock. The company has a return on investment of -3.25% and return on equity of -5.48%. Price to book ratio is 3.63 and price to sales ratio is 0.30.