SRIVARU Holding Ltd (NASDAQ: SVMH) – Time For Strategy Change?

SRIVARU Holding Ltd (NASDAQ:SVMH) currently has a daily average trading volume of 12.90M but it saw 25787187 shares traded in last market. With a market cap of 0.93M USD, the company’s current market price of $0.03 came rising about 2.04 while comparing to the previous closing price of $0.02. In past 52 weeks, the stock remained buoying in the range of price level as high as $2.07 and as low as $0.02. In the recent trading on the day, stock has struck highest price mark of $0.0226 while lowest mark touched by it was $0.027.

Taking a look at 20-day trading activity of SRIVARU Holding Ltd (SVMH) gives us an average price of $0.0593, while its current price level is -98.79% below from 52-week high level whereas it is 38.89% 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 $0.0836 while that of 200 days or SMA-200 reads an average of $0.1591. A closer look into the stock’s movement over the week reveals that its volatility is standing at 29.06% during that period while stretching the period over a month that decreases to 13.81%. 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 20.18 which implies that the stock is in oversold territory.

Over the week, SVMH’s stock price is moving -18.57% down while it is -68.75% when we observe its performance for the past one month. Year-to-date it is -93.01% down and over the past year, the stock is showing a downside performance of -98.70%.

Currently, SRIVARU Holding Ltd’s total number of outstanding shares is 37.33M. Company’s return on equity (ROE) at 0.81%. It has a price to earnings ratio (P/E ratio) of 7.14. Stock’s beta reads -0.42. Its return on asset (ROA) is 0.48% on average.