Abpro Holdings Inc (NASDAQ:ABP) does about 6.61M shares in volume on a normal day but saw 16456680 shares change hands in the recent trading day. The company now has a market cap of 13.98M USD. Its current market price is $0.23, marking a decrease of -13.24% compared to the previous close of $0.27. The 52 week high reached by this stock is $13.00 whilst the lowest price level in 52 weeks is $0.15.
Abpro Holdings Inc (ABP) has a 20-day trading average at $0.2409 and the current price is -98.23% off the 52-week high compared with 51.72% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.3340 and its 200-day simple moving average is $4.8543. If we look at the stock’s price movements over the week, volatility stands at 39.44%, which decreases to 21.69% 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 44.10 to suggest the stock is neutral.
The consensus objective for the share price is $2.00, suggesting that the stock has a potential upside of 88.5% over the period.
The current price level is -4.49%, -31.13%, and -95.26% away from its SMA20, SMA50, and SMA200 respectively, with the ABP price moving above the 50-day SMA on current market day. Abpro Holdings Inc (ABP) stock is up 15.00% over the week and -6.50% over the past month. Its price is -87.15% year-to-date and -97.82% over the past year.
To reach the target analysts have set, the stock logically needs to grow 88.5 percent from here.
Outstanding shares total 50.98M with insiders holding 48.31% of the shares and institutional holders owning 2.59% of the company’s common stock. The company has a return on equity of -35.20%. The beta has a value of 0.01.
