Should Investors Trust The Upside Potential In SRIVARU Holding Ltd. (SVMH)?

SRIVARU Holding Ltd. (NASDAQ:SVMH) currently has a daily average trading volume of 6.37M but it saw 1359236 shares traded in last market. With a market cap of 4.12M USD, the company’s current market price of $0.11 came rising about 5.04 while comparing to the previous closing price of $0.11. In past 52 weeks, the stock remained buoying in the range of price level as high as $2.52 and as low as $0.08. In the recent trading on the day, stock has struck highest price mark of $0.099 while lowest mark touched by it was $0.1128.

Taking a look at 20-day trading activity of SRIVARU Holding Ltd. (SVMH) gives us an average price of $0.1227, while its current price level is -95.61% below from 52-week high level whereas it is 43.32% 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 $0.1359. A closer look into the stock’s movement over the week reveals that its volatility is standing at 9.54% during that period while stretching the period over a month that increases to 17.17%. 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 44.80 which implies that the stock is in neutral territory.

Over the week, SVMH’s stock price is moving -2.99% down while it is 7.49% when we observe its performance for the past one month. Year-to-date it is -69.11% down and over the past year, the stock is showing a downside performance of -95.27%.

Currently, SRIVARU Holding Ltd.’s total number of outstanding shares is 37.33M. Company’s return on equity (ROE) at 0.81%. It has a price to earnings ratio (P/E ratio) of 31.57. Stock’s beta reads -0.78. Its return on asset (ROA) is 0.48% on average.