Elevai Labs Inc (ELAB) Down -99.73% From Its 52-Week High, But Growth Potential Is Changing Over Time

Elevai Labs Inc (NASDAQ:ELAB) currently has a daily average trading volume of 714.84K but it saw 3268446 shares traded in last market. With a market cap of 6.42M USD, the company’s current market price of $2.09 came rising about 5.03 while comparing to the previous closing price of $1.99. In past 52 weeks, the stock remained buoying in the range of price level as high as $778.00 and as low as $1.74. In the recent trading on the day, stock has struck highest price mark of $1.85 while lowest mark touched by it was $2.38.

Taking a look at 20-day trading activity of Elevai Labs Inc (ELAB) gives us an average price of $3.5300, while its current price level is -99.73% below from 52-week high level whereas it is 20.10% 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 $11.9700 while that of 200 days or SMA-200 reads an average of $85.5800. A closer look into the stock’s movement over the week reveals that its volatility is standing at 23.00% during that period while stretching the period over a month that increases to 23.58%. 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 23.83 which implies that the stock is in oversold territory.

Over the week, ELAB’s stock price is moving -16.40% down while it is -48.01% when we observe its performance for the past one month. Year-to-date it is -99.43% down and over the past year, the stock is showing a downside performance of -99.57%.

Company’s return on investment (ROI) stands at -63.92% and return on equity (ROE) at -130.35%. Stock’s beta reads -2.52. Stock has a price to book (P/B) ratio of 0.00 while price to sale or P/S ratio amounts to 2.62. Its return on asset (ROA) is -85.53% on average.