Thunder Power Holdings Inc (AIEV): Uncovering A True Diamond In The Rough

Thunder Power Holdings Inc (NASDAQ:AIEV) currently has a daily average trading volume of 2.54M but it saw 2187681 shares traded in last market. With a market cap of 21.83M USD, the company’s current market price of $0.44 came falling about -2.20 while comparing to the previous closing price of $0.45. In past 52 weeks, the stock remained buoying in the range of price level as high as $12.12 and as low as $0.22. In the recent trading on the day, stock has struck highest price mark of $0.36 while lowest mark touched by it was $0.4799.

Taking a look at 20-day trading activity of Thunder Power Holdings Inc (AIEV) gives us an average price of $0.3204, while its current price level is -96.37% below from 52-week high level whereas it is 97.75% 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 $0.3295 while that of 200 days or SMA-200 reads an average of $3.9633. A closer look into the stock’s movement over the week reveals that its volatility is standing at 29.69% during that period while stretching the period over a month that decreases to 22.26%. 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 64.30 which implies that the stock is in neutral territory.

Over the week, AIEV’s stock price is moving 33.74% up while it is -6.38% when we observe its performance for the past one month. Year-to-date it is -95.93% down and over the past year, the stock is showing a downside performance of -95.89%.

Currently, Thunder Power Holdings Inc’s total number of outstanding shares is 50.72M. Company’s return on investment (ROI) stands at -33.44% and return on equity (ROE) at -7.99%. Stock’s beta reads 0.22. Stock has a price to book (P/B) ratio of 3.41. Its return on asset (ROA) is -6.55% on average.