A stock’s 52-week high and low prices can offer a wealth of information about its current standing and prospective future performance. Elong Power Holding Ltd’s current trading price is -91.27% away from its 52-week high, while its distance from the 52-week low is 96.36%. The stock’s price range for this time frame has been between $0.56 and $12.60. The trading volume of the company’s shares in the Industrials reached around 1.55 million for the day, which was evidently higher than the average daily volume of 0.57 million over the last three months.
The stock market performance of Elong Power Holding Ltd has been fairly unsteady.
How Financial Performance Impacts Market Capitalization
Elong Power Holding Ltd (ELPW) has experienced a quarterly rise of 23.60% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 51.06M.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 1.9090, with a change in price of -0.1910. Similarly, Elong Power Holding Ltd recorded 407,030 in trading volume during the last 100 days, posting a change of -14.79%.
How ELPW’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for ELPW stands at 0.03. Similarly, the long-term debt-to-equity ratio is also 0.00.
ELPW Stock Stochastic Average
The raw stochastic average for Elong Power Holding Ltd over the last 50 days is presently at 6.94%. This reflects a surge from the raw stochastic average of the previous 20 days, which was noted at 1.13%. Further, the company’s Stochastic %K and %D values for the last 20 days were 5.44% and 19.37%, respectively.
ELPW Stock Price Performance Analysis
Depending on how one views it, the stock price performance for the year has been a mixed bag, resulting in either an optimistic or pessimistic outlook. Year to date metric has recorded a loss of -16.67%.However, over the last six months, we can see a stronger performance of -40.54%. Over the last 30 days, the price of ELPW has leaped by -64.29%. And in the last five days, it has fallen by -77.82%.
