Bowen Acquisition Corp (NASDAQ:BOWN) currently has a daily average trading volume of 27.50K but it saw 6607288 shares traded in last market. With a market cap of 58.50M USD, the company’s current market price of $6.38 came rising about 47.51 while comparing to the previous closing price of $4.32. In past 52 weeks, the stock remained buoying in the range of price level as high as $11.00 and as low as $2.71. In the recent trading on the day, stock has struck highest price mark of $4.93 while lowest mark touched by it was $8.94.
Taking a look at 20-day trading activity of Bowen Acquisition Corp (BOWN) gives us an average price of $4.09, while its current price level is -42.00% below from 52-week high level whereas it is 135.42% 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 $5.37 while that of 200 days or SMA-200 reads an average of $9.33. A closer look into the stock’s movement over the week reveals that its volatility is standing at 23.31% during that period while stretching the period over a month that decreases to 20.98%. 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 65.69 which implies that the stock is in neutral territory.
Over the week, BOWN’s stock price is moving 72.43% up while it is 82.29% when we observe its performance for the past one month. Year-to-date it is -41.58% down and over the past year, the stock is showing a downside performance of -37.76%.
The company is expected to be releasing its next quarterly report in April, for which analysts forecasted an EPS of 0 while estimate for next year EPS is 0.
Currently, Bowen Acquisition Corp’s total number of outstanding shares is 9.17M with 22.22% of that held by the insiders while 44.53% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 4.50% and return on equity (ROE) at 4.60%. It has a price to earnings ratio (P/E ratio) of 17.49. Stock’s beta reads -0.13. Stock has a price to book (P/B) ratio of 0.79. Its return on asset (ROA) is 4.59% on average.
