Inno Holdings Inc (INHD) Reports -83.11% Fall From For 52 Week High, It’s Always Darkest Before The Dawn

Inno Holdings Inc (NASDAQ:INHD) does about 495.31K shares in volume on a normal day but saw 13363772 shares change hands in the recent trading day. The company now has a market cap of 14.73M USD. Its current market price is $3.34, marking an increase of 41.53% compared to the previous close of $2.36. The 52 week high reached by this stock is $19.78 whilst the lowest price level in 52 weeks is $2.21.

Inno Holdings Inc (INHD) has a 20-day trading average at $6.39 and the current price is -83.11% off the 52-week high compared with 51.13% distance from its 52-week low. The 50-day simple moving average of the closing price is $5.43 and its 200-day simple moving average is $5.10. If we look at the stock’s price movements over the week, volatility stands at 170.92%, which decreases to 52.03% 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 35.56 to suggest the stock is neutral.

The current price level is -47.70%, -38.48%, and -34.54% away from its SMA20, SMA50, and SMA200 respectively, with the INHD price moving above the 50-day SMA on current market day. Inno Holdings Inc (INHD) stock is down -48.62% over the week and -36.98% over the past month. Its price is -29.01% year-to-date and -46.98% over the past year.

Outstanding shares total 4.41M with insiders holding 31.54% of the shares and institutional holders owning 0.42% of the company’s common stock. The company has a return on investment of -78.79% and return on equity of -97.27%. The beta has a value of -1.96. Price to book ratio is 2.08 and price to sales ratio is 12.18.