Should You Sell Zoomcar Holdings Inc (ZCAR) And Go Away This Year?

Zoomcar Holdings Inc (NASDAQ:ZCAR) currently has a daily average trading volume of 695.07K but it saw 3070691 shares traded in last market. With a market cap of 5.59M USD, the company’s current market price of $7.43 came rising about 14.31 while comparing to the previous closing price of $6.50. In past 52 weeks, the stock remained buoying in the range of price level as high as $1289.00 and as low as $3.93. In the recent trading on the day, stock has struck highest price mark of $6.91 while lowest mark touched by it was $9.85.

Taking a look at 20-day trading activity of Zoomcar Holdings Inc (ZCAR) gives us an average price of $7.11, while its current price level is -99.42% below from 52-week high level whereas it is 89.05% 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 $10.92 while that of 200 days or SMA-200 reads an average of $42.60. A closer look into the stock’s movement over the week reveals that its volatility is standing at 20.73% during that period while stretching the period over a month that increases to 41.13%. 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 46.59 which implies that the stock is in neutral territory.

Over the week, ZCAR’s stock price is moving -4.38% down while it is -42.85% when we observe its performance for the past one month. Year-to-date it is -97.99% down and over the past year, the stock is showing a downside performance of -99.12%.

Currently, Zoomcar Holdings Inc’s total number of outstanding shares is 0.75M. Company’s return on equity (ROE) at 6.10%. It has a price to earnings ratio (P/E ratio) of 0.02. Stock’s beta reads -0.25. Stock has a price to sale or P/S ratio amounts to 0.61. Its return on asset (ROA) is 5.53% on average.