A Few Bright Spots In Elevai Labs Inc (NASDAQ: ELAB)

Elevai Labs Inc (NASDAQ:ELAB) currently has a daily average trading volume of 68.56M but it saw 1773319466 shares traded in last market. With a market cap of 1.29M USD, the company’s current market price of $0.03 came rising about 6.07 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 $4.24 and as low as $0.02. In the recent trading on the day, stock has struck highest price mark of $0.0241 while lowest mark touched by it was $0.0441.

Taking a look at 20-day trading activity of Elevai Labs Inc (ELAB) gives us an average price of $0.0578, while its current price level is -99.38% below from 52-week high level whereas it is 62.73% 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 $0.1265 while that of 200 days or SMA-200 reads an average of $0.4731. A closer look into the stock’s movement over the week reveals that its volatility is standing at 33.06% during that period while stretching the period over a month that decreases to 28.21%. 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 28.01 which implies that the stock is in oversold territory.

Over the week, ELAB’s stock price is moving 46.37% up while it is -69.53% when we observe its performance for the past one month. Year-to-date it is -98.57% down and over the past year.

Currently, Elevai Labs Inc’s total number of outstanding shares is 49.38M. Company’s return on investment (ROI) stands at -179.98%. Stock’s beta reads -0.87. Stock has a price to book (P/B) ratio of 0.19 while price to sale or P/S ratio amounts to 0.52.