Nature’s Miracle Holding Inc. (NMHI) Reports -98.51% Fall From For 52 Week High, It’s Always Darkest Before The Dawn

Nature’s Miracle Holding Inc. (NASDAQ:NMHI) does about 2.84M shares in volume on a normal day but saw 667461 shares change hands in the recent trading day. The company now has a market cap of 5.38M USD. Its current market price is $0.17, marking an increase of 2.97% compared to the previous close of $0.17. The 52 week high reached by this stock is $11.40 whilst the lowest price level in 52 weeks is $0.13.

Nature’s Miracle Holding Inc. (NMHI) has a 20-day trading average at $0.1606 and the current price is -98.51% off the 52-week high compared with 34.95% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.1634. If we look at the stock’s price movements over the week, volatility stands at 6.34%, which increases to 11.23% 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 50.96 to suggest the stock is neutral.

The current price level is 5.81%, 3.98%, and -92.57% away from its SMA20, SMA50, and SMA200 respectively, with the NMHI price moving below the 50-day SMA on current market day. Nature’s Miracle Holding Inc. (NMHI) stock is up 1.31% over the week and 8.91% over the past month. Its price is -98.46% year-to-date and -98.40% over the past year.

Outstanding shares total 22.27M with insiders holding 58.10% of the shares and institutional holders owning 0.73% of the company’s common stock. The company has a return on equity of 2.93%. The price to earnings ratio (P/E ratio) amounts to 0.73.