Can Buying SRIVARU Holding Ltd (NASDAQ: SVMH) Still Be Worthwhile?

SRIVARU Holding Ltd (NASDAQ:SVMH) does about 46.94M shares in volume on a normal day but saw 74769774 shares change hands in the recent trading day. The company now has a market cap of 15.13M USD. Its current market price is $0.03, marking a decrease of -5.80% compared to the previous close of $0.03. 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 $0.0252 and the current price is -97.80% off the 52-week high compared with 53.33% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.0485 and its 200-day simple moving average is $0.1399. If we look at the stock’s price movements over the week, volatility stands at 30.41%, which decreases to 21.41% 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 43.13 to suggest the stock is neutral.

The current price level is 9.63%, -43.07%, and -80.27% 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 up 22.12% over the week and 10.40% over the past month. Its price is -92.28% year-to-date and -97.32% over the past year.

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

Outstanding shares total 548.15M 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 7.89. The beta has a value of -0.57.