Nature’s Miracle Holding Inc. (NASDAQ: NMHI): Think Like A Lender, Not An Investor

Nature’s Miracle Holding Inc. (NASDAQ:NMHI) currently has a daily average trading volume of 2.44M but it saw 1807149 shares traded in last market. With a market cap of 3.62M USD, the company’s current market price of $0.11 came falling about -13.27 while comparing to the previous closing price of $0.13. In past 52 weeks, the stock remained buoying in the range of price level as high as $11.40 and as low as $0.13. In the recent trading on the day, stock has struck highest price mark of $0.0802 while lowest mark touched by it was $0.1293.

Taking a look at 20-day trading activity of Nature’s Miracle Holding Inc. (NMHI) gives us an average price of $0.1600, while its current price level is -99.00% below from 52-week high level whereas it is -9.13% 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 $0.1598. A closer look into the stock’s movement over the week reveals that its volatility is standing at 20.78% during that period while stretching the period over a month that decreases to 13.71%. 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 32.13 which implies that the stock is in neutral territory.

Over the week, NMHI’s stock price is moving -30.12% down while it is -19.15% when we observe its performance for the past one month. Year-to-date it is -98.96% down and over the past year, the stock is showing a downside performance of -98.93%.

Currently, Nature’s Miracle Holding Inc.’s total number of outstanding shares is 22.27M. Company’s return on equity (ROE) at 2.93%. It has a price to earnings ratio (P/E ratio) of 0.49. Its return on asset (ROA) is 2.76% on average.