Elevai Labs Inc. (ELAB): Choosing The Technical Investor Route

Elevai Labs Inc. (NASDAQ:ELAB) does about 14.65M shares in volume on a normal day but saw 68258034 shares change hands in the recent trading day. The company now has a market cap of 2.06M USD. Its current market price is $0.10, marking an increase of 6.34% compared to the previous close of $0.09. The 52 week high reached by this stock is $4.24 whilst the lowest price level in 52 weeks is $0.08.

Elevai Labs Inc. (ELAB) has a 20-day trading average at $0.0962 and the current price is -97.67% off the 52-week high compared with 26.76% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.2133 and its 200-day simple moving average is $0.5742. If we look at the stock’s price movements over the week, volatility stands at 18.24%, which decreases to 15.09% 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 35.52 to suggest the stock is neutral.

The current price level is 2.92%, -53.60%, and -82.76% away from its SMA20, SMA50, and SMA200 respectively, with the ELAB price moving above the 50-day SMA on current market day. Elevai Labs Inc. (ELAB) stock is up 5.77% over the week and -64.64% over the past month. Its price is -94.58% year-to-date.

Outstanding shares total 17.33M with insiders holding 72.98% of the shares and institutional holders owning 6.38% of the company’s common stock. The company has a return on investment of -179.98%. Price to book ratio is 0.71 and price to sales ratio is 0.83.