SRIVARU Holding Ltd (SVMH) Reports -98.11% Fall From For 52 Week High, It’s Always Darkest Before The Dawn

SRIVARU Holding Ltd (NASDAQ:SVMH) does about 22.24M shares in volume on a normal day but saw 48807576 shares change hands in the recent trading day. The company now has a market cap of 10.47M USD. Its current market price is $0.02, marking a decrease of -3.66% compared to the previous close of $0.02. The 52 week high reached by this stock is $1.26 whilst the lowest price level in 52 weeks is $0.02.

SRIVARU Holding Ltd (SVMH) has a 20-day trading average at $0.0276 and the current price is -98.11% off the 52-week high compared with 31.67% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.0617 and its 200-day simple moving average is $0.1482. If we look at the stock’s price movements over the week, volatility stands at 14.87%, which increases to 20.97% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 30.01 to suggest the stock is neutral.

The current price level is -14.08%, -61.56%, and -84.01% away from its SMA20, SMA50, and SMA200 respectively, with the SVMH price moving above the 50-day SMA on current market day. SRIVARU Holding Ltd (SVMH) stock is down -10.90% over the week and -68.15% over the past month. Its price is -93.37% year-to-date and -97.64% over the past year.

The company’s next earnings report forecasts estimating quarterly EPS at 0 and 0 for whole year.

Outstanding shares total 441.90M with insiders holding 16.51% of the shares and institutional holders owning 0.34% of the company’s common stock. The company has a return on equity of 0.81%. The price to earnings ratio (P/E ratio) amounts to 6.77. The beta has a value of -0.43.