Chanson International Holding (NASDAQ: CHSN) Gains 3.93% And Its 34.83% Stock Volatility Is Bewildering

Chanson International Holding (NASDAQ:CHSN) does about 4.48M shares in volume on a normal day but saw 1487865 shares change hands in the recent trading day. The company now has a market cap of 12.28M USD. Its current market price is $0.45, marking an increase of 3.93% compared to the previous close of $0.43. The 52 week high reached by this stock is $15.55 whilst the lowest price level in 52 weeks is $0.18.

Chanson International Holding (CHSN) has a 20-day trading average at $0.3390 and the current price is -97.11% off the 52-week high compared with 152.53% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.2854 and its 200-day simple moving average is $3.1436. If we look at the stock’s price movements over the week, volatility stands at 34.83%, which decreases to 18.02% 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 63.31 to suggest the stock is neutral.

The current price level is 32.73%, 57.66%, and -85.69% away from its SMA20, SMA50, and SMA200 respectively, with the CHSN price moving below the 50-day SMA on current market day. Chanson International Holding (CHSN) stock is up 12.42% over the week and 43.82% over the past month. Its price is -91.19% year-to-date and -75.68% over the past year.

Outstanding shares total 21.63M with insiders holding 51.34% of the shares and institutional holders owning 0.49% of the company’s common stock. The company has a return on investment of 2.78% and return on equity of 4.99%. The price to earnings ratio (P/E ratio) amounts to 70.31. The beta has a value of -2.23. Price to book ratio is 4.87 and price to sales ratio is 4.85.