Lobo Ev Technologies Ltd (NASDAQ:LOBO) does about 13.43K shares in volume on a normal day but saw 1378778 shares change hands in the recent trading day. The company now has a market cap of 26.18M USD. Its current market price is $3.20, marking an increase of 56.86% compared to the previous close of $2.04. The 52 week high reached by this stock is $5.79 whilst the lowest price level in 52 weeks is $1.35.
Lobo Ev Technologies Ltd (LOBO) has a 20-day trading average at $1.92 and the current price is -44.73% off the 52-week high compared with 137.04% distance from its 52-week low. The 50-day simple moving average of the closing price is $2.20. If we look at the stock’s price movements over the week, volatility stands at 21.26%, which decreases to 16.82% 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 75.33 to suggest the stock is overbought.
The consensus objective for the share price is $4.00, suggesting that the stock has a potential upside of 20.0% over the period.
The current price level is 72.93%, 46.04%, and 19.60% away from its SMA20, SMA50, and SMA200 respectively, with the LOBO price moving below the 50-day SMA on current market day. Lobo Ev Technologies Ltd (LOBO) stock is up 65.72% over the week and 50.94% over the past month. Its price is -7.78% year-to-date.
The company’s next earnings report forecasts estimating quarterly EPS at 0.04 and 0.03 for whole year. Expected sales for next quarter are $3.68M, which analysts say will come at $26.12M for the current fiscal year and next year at $36.84M.
To reach the target analysts have set, the stock logically needs to grow 20.0 percent from here.
The forward price to earnings ratio is 16.00. Price to book ratio is 3.15.
