Ebang International Holdings Inc. (NASDAQ: EBON) Slips -3.03% In Recent Trade, What Does The Future Hold?

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Ebang International Holdings Inc. (NASDAQ:EBON) price is hovering lower on Monday, October 04, dropping -3.03% below its previous close.

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A look at today’s price movement shows that the recent level at last check reads $1.92, with intraday deals fluctuating between $1.89 and $2.03. Taking into account the 52-week price action we note that the stock hit a 52-week high of $13.70 and 52-week low of $1.83. The stock subtracted -28.09% on its value in the past month.

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Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give EBON a short term outlook of 100% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Sell, while an average of long term indicators are currently assigning the stock as 100% Sell.

The overview shows that EBON’s price is at present -17.13% off the SMA20 and -20.68% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 35.13, with weekly volatility standing at 7.76%. The indicator jumps to 6.81% when calculated based on the past 30 days. Ebang International Holdings Inc. (NASDAQ:EBON)’s beta value is holding at 0, while the average true range (ATR) indicator is currently reading 0.16.

An analysis of the Ebang International Holdings Inc. (NASDAQ:EBON) stock in terms of its daily trading volume indicates that the 3-month average is 3.52 million.

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Current records show that the company has 139.21M in outstanding shares. The insiders’ percentage holdings are 7.09% of outstanding shares while the percentage share held by institutions stands at 12.93%. But the -68.37% downside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.