Look Past The Setbacks And Give Nature’s Miracle Holding Inc (NASDAQ: NMHI) Another Chance

Nature’s Miracle Holding Inc (NASDAQ:NMHI) currently has a daily average trading volume of 32.40M but it saw 30932066 shares traded in last market. With a market cap of 3.54M USD, the company’s current market price of $0.11 came falling about -21.13 while comparing to the previous closing price of $0.14. In past 52 weeks, the stock remained buoying in the range of price level as high as $11.40 and as low as $0.08. In the recent trading on the day, stock has struck highest price mark of $0.1067 while lowest mark touched by it was $0.1322.

Taking a look at 20-day trading activity of Nature’s Miracle Holding Inc (NMHI) gives us an average price of $0.1275, while its current price level is -99.02% below from 52-week high level whereas it is 39.65% 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 $0.1462. A closer look into the stock’s movement over the week reveals that its volatility is standing at 40.98% during that period while stretching the period over a month that decreases to 36.78%. 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 46.02 which implies that the stock is in neutral territory.

Over the week, NMHI’s stock price is moving -24.38% down while it is -36.04% when we observe its performance for the past one month. Year-to-date it is -98.98% down and over the past year, the stock is showing a downside performance of -98.96%.

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 0.48. Its return on asset (ROA) is 2.76% on average.