Zoomcar Holdings Inc. (NASDAQ: ZCAR) Recovers 25.49% From 52-Week Low, Is ZCAR Still A High-Risk, High-Reward Play?

Zoomcar Holdings Inc. (NASDAQ:ZCAR) currently has a daily average trading volume of 12.37M but it saw 12819360 shares traded in last market. With a market cap of 9.69M USD, the company’s current market price of $0.13 came rising about 1.35 while comparing to the previous closing price of $0.13. In past 52 weeks, the stock remained buoying in the range of price level as high as $14.75 and as low as $0.10. In the recent trading on the day, stock has struck highest price mark of $0.1272 while lowest mark touched by it was $0.14.

Taking a look at 20-day trading activity of Zoomcar Holdings Inc. (ZCAR) gives us an average price of $0.1418, while its current price level is -99.13% below from 52-week high level whereas it is 25.49% 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 $0.1412 while that of 200 days or SMA-200 reads an average of $2.0607. A closer look into the stock’s movement over the week reveals that its volatility is standing at 7.27% during that period while stretching the period over a month that increases to 12.80%. 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 43.94 which implies that the stock is in neutral territory.

Over the week, ZCAR’s stock price is moving -6.57% down while it is 17.43% when we observe its performance for the past one month. Year-to-date it is -96.53% down and over the past year, the stock is showing a downside performance of -98.86%.

Currently, Zoomcar Holdings Inc.’s total number of outstanding shares is 75.70M. Company’s return on equity (ROE) at 6.10%. It has a price to earnings ratio (P/E ratio) of 0.03. Stock’s beta reads -0.43. Stock has a price to sale or P/S ratio amounts to 1.42. Its return on asset (ROA) is 17.04% on average.