Elevai Labs Inc (NASDAQ: ELAB) Now -98.61% Off Its High ($4.24), Does Analysts See Headwinds And Risks?

Elevai Labs Inc (NASDAQ:ELAB) currently has a daily average trading volume of 23.25M but it saw 48944045 shares traded in last market. With a market cap of 2.92M USD, the company’s current market price of $0.06 came falling about -36.49 while comparing to the previous closing price of $0.09. In past 52 weeks, the stock remained buoying in the range of price level as high as $4.24 and as low as $0.08. In the recent trading on the day, stock has struck highest price mark of $0.0582 while lowest mark touched by it was $0.067.

Taking a look at 20-day trading activity of Elevai Labs Inc (ELAB) gives us an average price of $0.0950, while its current price level is -98.61% below from 52-week high level whereas it is -24.46% 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 $0.1814 while that of 200 days or SMA-200 reads an average of $0.5136. A closer look into the stock’s movement over the week reveals that its volatility is standing at 27.47% during that period while stretching the period over a month that decreases to 19.49%. 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 28.09 which implies that the stock is in oversold territory.

Over the week, ELAB’s stock price is moving -36.01% down while it is -30.75% when we observe its performance for the past one month. Year-to-date it is -96.77% down and over the past year.

Currently, Elevai Labs Inc’s total number of outstanding shares is 17.33M. Company’s return on investment (ROI) stands at -179.98%. Stock has a price to book (P/B) ratio of 0.42 while price to sale or P/S ratio amounts to 1.18.