Look Past The Setbacks And Give Heramba Electric plc (NASDAQ: PITA) Another Chance

Heramba Electric plc (NASDAQ:PITA) currently has a daily average trading volume of 2.25M but it saw 1768818 shares traded in last market. With a market cap of 13.42M USD, the company’s current market price of $0.28 came rising about 19.28 while comparing to the previous closing price of $0.24. In past 52 weeks, the stock remained buoying in the range of price level as high as $15.00 and as low as $0.19. In the recent trading on the day, stock has struck highest price mark of $0.2368 while lowest mark touched by it was $0.3.

Taking a look at 20-day trading activity of Heramba Electric plc (PITA) gives us an average price of $0.3308, while its current price level is -98.12% below from 52-week high level whereas it is 46.24% 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 $0.5526. A closer look into the stock’s movement over the week reveals that its volatility is standing at 13.80% during that period while stretching the period over a month that increases to 20.75%. 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 39.03 which implies that the stock is in neutral territory.

Over the week, PITA’s stock price is moving 6.45% up while it is -23.55% when we observe its performance for the past one month. Year-to-date it is -78.30% down and over the past year, the stock is showing a downside performance of -97.36%.

Company’s return on investment (ROI) stands at -0.59% and return on equity (ROE) at -0.35%. Stock’s beta reads 0.50. Stock has a price to book (P/B) ratio of 0.05. Its return on asset (ROA) is -0.31% on average.