Primega Group Holdings Ltd (NASDAQ: PGHL) 52-Week High Located At $107.36, Forget The Dips, Just Ride The Rips

Primega Group Holdings Ltd (NASDAQ:PGHL) does about 1.55M shares in volume on a normal day but saw 42552672 shares change hands in the recent trading day. The company now has a market cap of 57.12M USD. Its current market price is $2.38, marking an increase of 44.24% compared to the previous close of $1.65. The 52 week high reached by this stock is $107.36 whilst the lowest price level in 52 weeks is $1.34.

Primega Group Holdings Ltd (PGHL) has a 20-day trading average at $15.93 and the current price is -97.78% off the 52-week high compared with 77.61% distance from its 52-week low. The 50-day simple moving average of the closing price is $14.99. If we look at the stock’s price movements over the week, volatility stands at 330.24%, which decreases to 90.14% 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 45.95 to suggest the stock is neutral.

The current price level is -85.05%, -84.12%, and -79.86% away from its SMA20, SMA50, and SMA200 respectively, with the PGHL price moving above the 50-day SMA on current market day. Primega Group Holdings Ltd (PGHL) stock is down -76.62% over the week and -83.00% over the past month. Its price is -43.60% year-to-date.

The company has a return on investment of 12.90% and return on equity of 29.10%. The price to earnings ratio (P/E ratio) amounts to 48.57. Price to book ratio is 12.53 and price to sales ratio is 4.23.