PMGC Holdings Inc (NASDAQ: ELAB) – Time For Strategy Change?

PMGC Holdings Inc (NASDAQ:ELAB) currently has a daily average trading volume of 359.47K but it saw 13385140 shares traded in last market. With a market cap of 2.27M USD, the company’s current market price of $3.21 came falling about -19.55 while comparing to the previous closing price of $3.99. In past 52 weeks, the stock remained buoying in the range of price level as high as $1064.00 and as low as $3.51. In the recent trading on the day, stock has struck highest price mark of $2.881 while lowest mark touched by it was $5.55.

Taking a look at 20-day trading activity of PMGC Holdings Inc (ELAB) gives us an average price of $4.59, while its current price level is -99.70% below from 52-week high level whereas it is -8.60% 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 $7.67 while that of 200 days or SMA-200 reads an average of $199.88. A closer look into the stock’s movement over the week reveals that its volatility is standing at 30.00% during that period while stretching the period over a month that decreases to 20.35%. 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 29.90 which implies that the stock is in oversold territory.

Over the week, ELAB’s stock price is moving -27.38% down while it is -21.90% when we observe its performance for the past one month. Year-to-date it is -79.98% down and over the past year, the stock is showing a downside performance of -99.62%.

Currently, PMGC Holdings Inc’s total number of outstanding shares is 0.71M. Company’s return on investment (ROI) stands at -63.92% and return on equity (ROE) at -130.35%. Stock’s beta reads -1.42. Stock has a price to book (P/B) ratio of 0.01 while price to sale or P/S ratio amounts to 0.93. Its return on asset (ROA) is -85.53% on average.