A Few Bright Spots In SRIVARU Holding Ltd (NASDAQ: SVMH)

SRIVARU Holding Ltd (NASDAQ:SVMH) currently has a daily average trading volume of 32.92M but it saw 726954949 shares traded in last market. With a market cap of 19.19M USD, the company’s current market price of $0.04 came rising about 48.94 while comparing to the previous closing price of $0.02. In past 52 weeks, the stock remained buoying in the range of price level as high as $1.26 and as low as $0.02. In the recent trading on the day, stock has struck highest price mark of $0.03 while lowest mark touched by it was $0.048.

Taking a look at 20-day trading activity of SRIVARU Holding Ltd (SVMH) gives us an average price of $0.0248, while its current price level is -97.21% below from 52-week high level whereas it is 94.44% 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 $0.0508 while that of 200 days or SMA-200 reads an average of $0.1416. A closer look into the stock’s movement over the week reveals that its volatility is standing at 28.64% during that period while stretching the period over a month that decreases to 21.00%. 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 51.85 which implies that the stock is in neutral territory.

Over the week, SVMH’s stock price is moving 44.03% up while it is 30.84% when we observe its performance for the past one month. Year-to-date it is -90.22% down and over the past year, the stock is showing a downside performance of -96.83%.

The company is expected to be releasing its next quarterly report in January, for which analysts forecasted an EPS of 0 while estimate for next year EPS is 0.

Currently, SRIVARU Holding Ltd’s total number of outstanding shares is 548.15M. Company’s return on equity (ROE) at 0.81%. It has a price to earnings ratio (P/E ratio) of 10.00. Stock’s beta reads -0.50. Its return on asset (ROA) is 0.48% on average.