Elevai Labs Inc (ELAB): Uncovering A True Diamond In The Rough

Elevai Labs Inc (NASDAQ:ELAB) currently has a daily average trading volume of 866.09K but it saw 1400424 shares traded in last market. With a market cap of 6.60M USD, the company’s current market price of $2.15 came rising about 9.14 while comparing to the previous closing price of $1.97. 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 $2.0001 while lowest mark touched by it was $2.21.

Taking a look at 20-day trading activity of Elevai Labs Inc (ELAB) gives us an average price of $2.5300, while its current price level is -99.72% below from 52-week high level whereas it is 23.55% 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 $8.4800 while that of 200 days or SMA-200 reads an average of $78.4600. A closer look into the stock’s movement over the week reveals that its volatility is standing at 12.91% during that period while stretching the period over a month that increases to 16.47%. 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 28.80 which implies that the stock is in oversold territory.

Over the week, ELAB’s stock price is moving -13.65% down while it is -53.06% when we observe its performance for the past one month. Year-to-date it is -99.41% down and over the past year, the stock is showing a downside performance of -99.44%.

Currently, Elevai Labs Inc’s total number of outstanding shares is 3.07M. Company’s return on investment (ROI) stands at -63.92% and return on equity (ROE) at -130.35%. Stock’s beta reads -2.50. Stock has a price to book (P/B) ratio of 0.06 while price to sale or P/S ratio amounts to 2.70. Its return on asset (ROA) is -85.53% on average.