Volatility Is Your Friend: Addentax Group Corp (ATXG) Is Hot Again

Addentax Group Corp (NASDAQ:ATXG) does about 505.40K shares in volume on a normal day but saw 1629992 shares change hands in the recent trading day. The company now has a market cap of 3.69M USD. Its current market price is $0.61, marking a decrease of -8.90% compared to the previous close of $0.67. The 52 week high reached by this stock is $1.86 whilst the lowest price level in 52 weeks is $0.49.

Addentax Group Corp (ATXG) has a 20-day trading average at $0.7224 and the current price is -67.18% off the 52-week high compared with 25.86% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.7593 and its 200-day simple moving average is $0.7067. If we look at the stock’s price movements over the week, volatility stands at 55.15%, which decreases to 23.65% 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 38.89 to suggest the stock is neutral.

The current price level is -15.50%, -19.61%, and -13.63% away from its SMA20, SMA50, and SMA200 respectively, with the ATXG price moving above the 50-day SMA on current market day. Addentax Group Corp (ATXG) stock is down -21.74% over the week and -11.54% over the past month. Its price is -0.38% year-to-date and -35.81% over the past year.

The company’s next earnings report forecasts estimating quarterly EPS at 0 and 0 for whole year.

Outstanding shares total 6.04M with insiders holding 15.93% of the shares and institutional holders owning 10.90% of the company’s common stock. The company has a return on investment of -4.82% and return on equity of -9.01%. Price to book ratio is 0.15 and price to sales ratio is 0.81.