Advanced Biomed Inc (NASDAQ: ADVB) – Time For Strategy Change?

Advanced Biomed Inc (NASDAQ:ADVB) currently has a daily average trading volume of 130.89K but it saw 850715 shares traded in last market. With a market cap of 23.15M USD, the company’s current market price of $1.07 came falling about -35.16 while comparing to the previous closing price of $1.65. In past 52 weeks, the stock remained buoying in the range of price level as high as $4.10 and as low as $1.47.

Taking a look at 20-day trading activity of Advanced Biomed Inc (ADVB) gives us an average price of $1.8230, while its current price level is -73.90% below from 52-week high level whereas it is -27.21% above from lowest level seen by the stock during that period. A closer look into the stock’s movement over the week reveals that its volatility is standing at 33.93% during that period while stretching the period over a month that decreases to 22.12%. 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 23.89 which implies that the stock is in oversold territory.

Over the week, ADVB’s stock price is moving -43.98% down while it is -40.88% when we observe its performance for the past one month. Year-to-date it is -70.68% down and over the past year.

Currently, Advanced Biomed Inc’s total number of outstanding shares is 21.64M with 78.69% of that held by the insiders while 0.00% of its common stock has been owned by the institutions. Stock has a price to book (P/B) ratio of 1229.89.