Zoomcar Holdings Inc. (ZCAR) Down -99.46% From Its 52-Week High, But Growth Potential Is Changing Over Time

Zoomcar Holdings Inc. (NASDAQ:ZCAR) currently has a daily average trading volume of 82.53K but it saw 1299697 shares traded in last market. With a market cap of 6.06M USD, the company’s current market price of $7.97 came rising about 30.23 while comparing to the previous closing price of $6.12. In past 52 weeks, the stock remained buoying in the range of price level as high as $1475.00 and as low as $5.40. In the recent trading on the day, stock has struck highest price mark of $5.88 while lowest mark touched by it was $9.29.

Taking a look at 20-day trading activity of Zoomcar Holdings Inc. (ZCAR) gives us an average price of $12.08, while its current price level is -99.46% below from 52-week high level whereas it is 47.59% 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 $13.30 while that of 200 days or SMA-200 reads an average of $73.78. A closer look into the stock’s movement over the week reveals that its volatility is standing at 37.86% during that period while stretching the period over a month that decreases to 13.83%. 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 30.75 which implies that the stock is in neutral territory.

Over the week, ZCAR’s stock price is moving -35.20% down while it is -43.07% when we observe its performance for the past one month. Year-to-date it is -97.84% down and over the past year, the stock is showing a downside performance of -99.28%.

Currently, Zoomcar Holdings Inc.’s total number of outstanding shares is 0.76M. Company’s return on equity (ROE) at 6.10%. It has a price to earnings ratio (P/E ratio) of 0.02. Stock’s beta reads -0.43. Stock has a price to sale or P/S ratio amounts to 0.89. Its return on asset (ROA) is 17.04% on average.