How have the shares performed?
Ebang International Holdings Inc. (EBON) saw an uptrend of 10.29% in the recent trading with $3.75 being its most recent. The current price level -74.92% lower than the highest price of $14.95 marked by the stock while trading over the past 52-weeks, whereas it is 58.21% higher than the lowest price of $2.37 the company dropped to over past 52-weeks. The latest news story on EBON appeared in Yahoo Finance under the title “Clover Health rides Reddit-fueled ‘meme stock’ wave amid record-high trading volume” on Jun-09-21.
Squeezing the time span to 30 day period shows us the stock is currently trading -8.09% below one month high and is +53.69% above of the lowest during that time. Looking into the simple moving average, Ebang International Holdings Inc. (EBON)’s stock stands at a SMA-50 of $3.78 while that of 5-day is reading $3.50.
Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and EBON’s SMA-200 as of now is $6.37.
Ebang International Holdings Inc. Earnings – What Happened With EBON
Coming around sales and income figures, publically trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor. During the reported three-month period, company’s sales were $56.54 billion.
EBON – Ebang International Holdings Inc. Stock Earnings Estimates
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 139.21 million. EBON does have institutional investors; and they hold 12.50% of the stock.
Ebang International Holdings Inc. – Insider Activity and Holdings
As on Mar 30, 2021, Toroso Investments, LLC was the top most holder in Ebang International Holdings Inc. (NASDAQ:EBON) with an ownership of 3.74 million shares of the company or 2.69% of the stake worth $29.72 million. The filing also reveals Susquehanna International Group, LLP as the second largest holder in the company with a control over 0.97% of the outstanding shares. Its stake is worth $10.73 million for having 1.35 million shares in hand.
Blackrock Inc. also came holding a key position in the company during the recent quarter and it now holds 0.62% of the outstanding shares. With this there are now 56 institutions which have possession in EBON’s shares.
The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. The count was 0.12 for long-term debt to equity ratio.
Technical Analysis of Ebang International Holdings Inc. (NASDAQ:EBON) stock
To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for Ebang International Holdings Inc. (EBON), we notice that the stock’s 20-day average volume is at 7,912,035 shares and 50% of short term indicators are suggesting the stock as Sell. Medium term indicators at an average of 100% are spotting the stock at Sell with its 50-day average volume of 14,670,530 shares. And to end, EBON’s 100-day average volume is 19,188,143 shares with 100% of the long-term indicators pointing towards Sell for the stock.