The Week Ahead: Are Investors Really Too Optimistic About Kuke Music Holding Ltd ADR (NYSE: KUKE)

Kuke Music Holding Ltd ADR (NYSE:KUKE) currently has a daily average trading volume of 156.57K but it saw 1316709 shares traded in last market. With a market cap of 18.44M USD, the company’s current market price of $0.74 came falling about -2.63 while comparing to the previous closing price of $0.76. In past 52 weeks, the stock remained buoying in the range of price level as high as $4.07 and as low as $0.47. In the recent trading on the day, stock has struck highest price mark of $0.71 while lowest mark touched by it was $0.87.

Taking a look at 20-day trading activity of Kuke Music Holding Ltd ADR (KUKE) gives us an average price of $0.7404, while its current price level is -81.82% below from 52-week high level whereas it is 55.79% 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 $1.0553 while that of 200 days or SMA-200 reads an average of $1.7405. A closer look into the stock’s movement over the week reveals that its volatility is standing at 11.75% during that period while stretching the period over a month that increases to 23.29%. 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 40.39 which implies that the stock is in neutral territory.

Over the week, KUKE’s stock price is moving 1.36% up while it is -46.76% when we observe its performance for the past one month. Year-to-date it is -28.11% down and over the past year, the stock is showing a downside performance of -24.87%.

Currently, Kuke Music Holding Ltd ADR’s total number of outstanding shares is 24.92M with 23.99% of that held by the insiders while 0.13% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -233.74%. Stock’s beta reads 0.43. Stock has a price to book (P/B) ratio of 8.01 while price to sale or P/S ratio amounts to 1.22.