Should You Sell Abpro Holdings Inc (ABP) And Go Away This Year?

Abpro Holdings Inc (NASDAQ:ABP) currently has a daily average trading volume of 83.40K but it saw 277521 shares traded in last market. With a market cap of 13.48M USD, the company’s current market price of $0.26 came rising about 4.88 while comparing to the previous closing price of $0.25. In past 52 weeks, the stock remained buoying in the range of price level as high as $13.00 and as low as $0.23. In the recent trading on the day, stock has struck highest price mark of $0.234 while lowest mark touched by it was $0.273.

Taking a look at 20-day trading activity of Abpro Holdings Inc (ABP) gives us an average price of $0.3502, while its current price level is -98.02% below from 52-week high level whereas it is 12.17% 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 $0.5645 while that of 200 days or SMA-200 reads an average of $5.9120. A closer look into the stock’s movement over the week reveals that its volatility is standing at 16.32% during that period while stretching the period over a month that increases to 16.47%. 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 26.79 which implies that the stock is in oversold territory.

Over the week, ABP’s stock price is moving -1.45% down while it is -46.65% when we observe its performance for the past one month. Year-to-date it is -85.59% down and over the past year, the stock is showing a downside performance of -97.57%.

Currently, Abpro Holdings Inc’s total number of outstanding shares is 52.22M. Company’s return on equity (ROE) at -35.20%. Stock’s beta reads 0.17. Its return on asset (ROA) is -7.62% on average.