Volatility Is Your Friend: Elevai Labs Inc (ELAB) Is Hot Again

money audit

Elevai Labs Inc (NASDAQ:ELAB) does about 697.19K shares in volume on a normal day but saw 746539 shares change hands in the recent trading day. The company now has a market cap of 5.36M USD. Its current market price is $2.05, marking a decrease of -14.94% compared to the previous close of $2.41. The 52 week high reached by this stock is $840.00 whilst the lowest price level in 52 weeks is $2.05.

Elevai Labs Inc (ELAB) has a 20-day trading average at $3.93 and the current price is -99.76% off the 52-week high compared with 0.24% distance from its 52-week low. The 50-day simple moving average of the closing price is $13.81 and its 200-day simple moving average is $87.70. If we look at the stock’s price movements over the week, volatility stands at 19.28%, which increases to 24.33% 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 22.98 to suggest the stock is oversold.

The current price level is -47.83%, -85.16%, and -97.66% away from its SMA20, SMA50, and SMA200 respectively, with the ELAB price moving above the 50-day SMA on current market day. Elevai Labs Inc (ELAB) stock is down -49.26% over the week and -88.97% over the past month. Its price is -99.44% year-to-date and -99.71% over the past year.

The company has a return on investment of -63.92% and return on equity of -130.35%. The beta has a value of -1.66. Price to book ratio is 0.00 and price to sales ratio is 2.19.