The Week Ahead: Are Investors Really Too Optimistic About Jiade Ltd (NASDAQ: JDZG)

Jiade Ltd (NASDAQ:JDZG) currently has a daily average trading volume of 2.72M but it saw 76290 shares traded in last market. With a market cap of 19.13M USD, the company’s current market price of $0.79 came falling about -0.88 while comparing to the previous closing price of $0.80. In past 52 weeks, the stock remained buoying in the range of price level as high as $15.08 and as low as $0.45. In the recent trading on the day, stock has struck highest price mark of $0.7601 while lowest mark touched by it was $0.8099.

Taking a look at 20-day trading activity of Jiade Ltd (JDZG) gives us an average price of $0.6954, while its current price level is -94.77% below from 52-week high level whereas it is 75.80% 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 $0.7823. A closer look into the stock’s movement over the week reveals that its volatility is standing at 16.28% during that period while stretching the period over a month that increases to 24.75%. 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 52.32 which implies that the stock is in neutral territory.

Over the week, JDZG’s stock price is moving -6.86% down while it is 27.05% when we observe its performance for the past one month. Year-to-date it is -6.86% down and over the past year.

Currently, Jiade Ltd’s total number of outstanding shares is 24.44M. Stock has a price to book (P/B) ratio of 7.74.