Can Buying Elong Power Holding Ltd (NASDAQ: ELPW) Still Be Worthwhile?

Elong Power Holding Ltd (NASDAQ:ELPW) does about 115.32K shares in volume on a normal day but saw 5278553 shares change hands in the recent trading day. The company now has a market cap of 71.02M USD. Its current market price is $1.53, marking an increase of 50.00% compared to the previous close of $1.02. The 52 week high reached by this stock is $12.60 whilst the lowest price level in 52 weeks is $0.56.

Elong Power Holding Ltd (ELPW) has a 20-day trading average at $0.8406 and the current price is -87.86% off the 52-week high compared with 173.12% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.8594. If we look at the stock’s price movements over the week, volatility stands at 35.86%, which decreases to 25.58% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 74.99 to suggest the stock is overbought.

The current price level is 82.02%, 78.04%, and -74.03% away from its SMA20, SMA50, and SMA200 respectively, with the ELPW price moving below the 50-day SMA on current market day. Elong Power Holding Ltd (ELPW) stock is up 44.38% over the week and 110.51% over the past month. Its price is 15.91% year-to-date and -85.44% over the past year.

The company’s next earnings report forecasts estimating quarterly EPS at 0 and 0 for whole year.

The company has a return on investment of 2.74% and return on equity of 2.78%. The price to earnings ratio (P/E ratio) amounts to 7.06. The beta has a value of -1.01. Price to book ratio is 0.19.