Elong Power Holding Ltd (NASDAQ: ELPW) Plunges -4.93% And Its 29.56% Stock Volatility Is Bewildering

Elong Power Holding Ltd (NASDAQ:ELPW) does about 1.21M shares in volume on a normal day but saw 2542279 shares change hands in the recent trading day. The company now has a market cap of 106.12M USD. Its current market price is $2.12, marking a decrease of -4.93% compared to the previous close of $2.23. The 52 week high reached by this stock is $12.60 whilst the lowest price level in 52 weeks is $0.56.

Elong Power Holding Ltd (ELPW) has a 20-day trading average at $1.36 and the current price is -83.17% off the 52-week high compared with 278.44% distance from its 52-week low. If we look at the stock’s price movements over the week, volatility stands at 29.56%, which decreases to 22.05% 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 58.31 to suggest the stock is neutral.

The current price level is 55.41%, -18.33%, and -36.99% away from its SMA20, SMA50, and SMA200 respectively, with the ELPW price moving above the 50-day SMA on current market day. Elong Power Holding Ltd (ELPW) stock is up 10.42% over the week and 84.35% over the past month. Its price is -80.44% year-to-date and 60.61% over the past year.

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

The company has a return on investment of 2.74% and return on equity of 2.78%. The price to earnings ratio (P/E ratio) amounts to 9.78. The beta has a value of -3.60. Price to book ratio is 0.27.

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