With 75.70M Outstanding Shares, Can Zoomcar Holdings Inc. (NASDAQ: ZCAR) Deliver Big Short-Term Gains?

Zoomcar Holdings Inc. (NASDAQ:ZCAR) currently has a daily average trading volume of 12.45M but it saw 844604 shares traded in last market. With a market cap of 10.12M USD, the company’s current market price of $0.13 came rising about 2.06 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 $0.1297 while lowest mark touched by it was $0.1451.

Taking a look at 20-day trading activity of Zoomcar Holdings Inc. (ZCAR) gives us an average price of $0.1388, while its current price level is -99.09% below from 52-week high level whereas it is 31.08% 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 $0.1375 while that of 200 days or SMA-200 reads an average of $1.8227. A closer look into the stock’s movement over the week reveals that its volatility is standing at 6.94% during that period while stretching the period over a month that increases to 8.68%. 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 48.46 which implies that the stock is in neutral territory.

Over the week, ZCAR’s stock price is moving 4.45% up while it is -21.45% when we observe its performance for the past one month. Year-to-date it is -96.38% down and over the past year, the stock is showing a downside performance of -98.80%.

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 -0.45. Stock has a price to sale or P/S ratio amounts to 1.48. Its return on asset (ROA) is 17.04% on average.