Are Analysts Too Bullish On ABVC BioPharma Inc (ABVC)

ABVC BioPharma Inc (NASDAQ:ABVC) currently has a daily average trading volume of 91.96K but it saw 1413887 shares traded in last market. With a market cap of 8.93M USD, the company’s current market price of $0.72 came rising about 26.14 while comparing to the previous closing price of $0.57. In past 52 weeks, the stock remained buoying in the range of price level as high as $3.35 and as low as $0.41. In the recent trading on the day, stock has struck highest price mark of $0.5504 while lowest mark touched by it was $0.7378.

Taking a look at 20-day trading activity of ABVC BioPharma Inc (ABVC) gives us an average price of $0.5804, while its current price level is -78.54% below from 52-week high level whereas it is 77.40% 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 $0.6424 while that of 200 days or SMA-200 reads an average of $0.9557. A closer look into the stock’s movement over the week reveals that its volatility is standing at 11.73% during that period while stretching the period over a month that increases to 12.37%. 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 64.22 which implies that the stock is in neutral territory.

Over the week, ABVC’s stock price is moving 31.52% up while it is 7.68% when we observe its performance for the past one month. Year-to-date it is -38.02% down and over the past year, the stock is showing a downside performance of -19.21%.

Currently, ABVC BioPharma Inc’s total number of outstanding shares is 12.42M. Company’s return on investment (ROI) stands at -133.46% and return on equity (ROE) at -258.00%. Stock’s beta reads 0.83. Stock has a price to book (P/B) ratio of 1.04 while price to sale or P/S ratio amounts to 63.79. Its return on asset (ROA) is -91.52% on average.