Eastside Distilling Inc (NASDAQ: EAST) Recovers 28.46% From 52-Week Low, Is EAST Still A High-Risk, High-Reward Play?

Eastside Distilling Inc (NASDAQ:EAST) currently has a daily average trading volume of 2.39M but it saw 579736 shares traded in last market. With a market cap of 1.55M USD, the company’s current market price of $0.83 came falling about -19.71 while comparing to the previous closing price of $1.04. In past 52 weeks, the stock remained buoying in the range of price level as high as $2.98 and as low as $0.65. In the recent trading on the day, stock has struck highest price mark of $0.8 while lowest mark touched by it was $0.9501.

Taking a look at 20-day trading activity of Eastside Distilling Inc (EAST) gives us an average price of $0.8867, while its current price level is -71.98% below from 52-week high level whereas it is 28.46% 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 $0.9168 while that of 200 days or SMA-200 reads an average of $1.0467. A closer look into the stock’s movement over the week reveals that its volatility is standing at 45.03% during that period while stretching the period over a month that decreases to 19.49%. 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 46.73 which implies that the stock is in neutral territory.

Over the week, EAST’s stock price is moving 9.85% up while it is 10.58% when we observe its performance for the past one month. Year-to-date it is -35.27% down and over the past year, the stock is showing a downside performance of -46.82%.

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 1.71. Stock has a price to sale or P/S ratio amounts to 0.15. Its return on asset (ROA) is -38.99% on average.