Look Past The Setbacks And Give Bon Natural Life Ltd (NASDAQ: BON) Another Chance

Bon Natural Life Ltd (NASDAQ:BON) currently has a daily average trading volume of 36.12M but it saw 30402018 shares traded in last market. With a market cap of 0.28M USD, the company’s current market price of $0.06 came rising about 1.77 while comparing to the previous closing price of $0.06. In past 52 weeks, the stock remained buoying in the range of price level as high as $3.37 and as low as $0.05.

Taking a look at 20-day trading activity of Bon Natural Life Ltd (BON) gives us an average price of $0.0613, while its current price level is -98.29% below from 52-week high level whereas it is 17.83% 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 $0.3410 while that of 200 days or SMA-200 reads an average of $1.3148. A closer look into the stock’s movement over the week reveals that its volatility is standing at 13.29% during that period while stretching the period over a month that increases to 22.43%. 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 33.27 which implies that the stock is in neutral territory.

Over the week, BON’s stock price is moving -12.88% down while it is -14.18% when we observe its performance for the past one month. Year-to-date it is -96.75% down and over the past year, the stock is showing a downside performance of -97.97%.

Currently, Bon Natural Life Ltd’s total number of outstanding shares is 3.97M with 48.44% of that held by the insiders while 0.00% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 0.89% and return on equity (ROE) at 1.05%. It has a price to earnings ratio (P/E ratio) of 0.56. Stock’s beta reads -0.48. Stock has a price to book (P/B) ratio of 0.01 while price to sale or P/S ratio amounts to 0.01. Its return on asset (ROA) is 0.77% on average.