Ebang International Holdings Inc. [NASDAQ: EBON] loss -14.06% or -0.35 points to close at $2.14 with a heavy trading volume of 4169352 shares. The company report on June 7, 2021 that SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of Ebang International Holdings Inc. of a Class Action Lawsuit and a Lead Plaintiff Deadline of June 7, 2021 – EBON.
New York, New York–(Newsfile Corp. – June 7, 2021) – The following statement is being issued by Levi & Korsinsky, LLP:.
To: All persons or entities who purchased or otherwise acquired securities of Ebang International Holdings Inc. (“Ebang International”) (NASDAQ: EBON) between June 26, 2020 and April 5, 2021. You are hereby notified that a securities class action lawsuit has been commenced in the United States District Court for the Southern District of New York. To get more information go to:.
It opened the trading session at $2.35, the shares rose to $2.40 and dropped to $2.08, the range by which the price of stock traded the whole day. The daily chart for EBON points out that the company has recorded -56.24% loss over the past six months. However, it is still -9.74% lower than its most recent low trading price.
If we look at the average trading volume of 7.11M shares, EBON reached to a volume of 4169352 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Ebang International Holdings Inc. [EBON]:
The Average True Range (ATR) for Ebang International Holdings Inc. is set at 0.24, with the Price to Sales ratio for EBON stock in the period of the last 12 months amounting to 15.68.
Trading performance analysis for EBON stock
Ebang International Holdings Inc. [EBON] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.31. With this latest performance, EBON shares dropped by -30.74% in over the last four-week period, additionally sinking by -56.24% over the last 6 months – not to mention a drop of -55.32% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for EBON stock in for the last two-week period is set at 35.84, with the RSI for the last a single of trading hit 36.34, and the three-weeks RSI is set at 36.97 for Ebang International Holdings Inc. [EBON]. The present Moving Average for the last 50 days of trading for this stock 2.95, while it was recorded at 2.26 for the last single week of trading, and 5.51 for the last 200 days.
Ebang International Holdings Inc. [EBON]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Ebang International Holdings Inc. [EBON] shares currently have an operating margin of -140.21 and a Gross Margin at -15.26. Ebang International Holdings Inc.’s Net Margin is presently recorded at -161.41.
Return on Total Capital for EBON is now -32.96, given the latest momentum, and Return on Invested Capital for the company is -44.07. Return on Equity for this stock declined to -50.67, with Return on Assets sitting at -27.05. When it comes to the capital structure of this company, Ebang International Holdings Inc. [EBON] has a Total Debt to Total Equity ratio set at 2.57. Additionally, EBON Total Debt to Total Capital is recorded at 2.51, with Total Debt to Total Assets ending up at 1.84. Long-Term Debt to Equity for the company is recorded at 0.12, with the Long-Term Debt to Total Capital now at 0.11.
Reflecting on the efficiency of the workforce at the company, Ebang International Holdings Inc. [EBON] managed to generate an average of -$149,636 per employee. Receivables Turnover for the company is 1.00 with a Total Asset Turnover recorded at a value of 0.17.
An analysis of insider ownership at Ebang International Holdings Inc. [EBON]
There are presently around $20 million, or 12.93% of EBON stock, in the hands of institutional investors. The top three institutional holders of EBON stocks are: TOROSO INVESTMENTS, LLC with ownership of 3,738,059, which is approximately 464.912% of the company’s market cap and around 7.09% of the total institutional ownership; SUSQUEHANNA INTERNATIONAL GROUP, LLP, holding 1,349,592 shares of the stock with an approximate value of $2.89 million in EBON stocks shares; and BLACKROCK INC., currently with $1.84 million in EBON stock with ownership of nearly 508.67% of the company’s market capitalization.
44 institutional holders increased their position in Ebang International Holdings Inc. [NASDAQ:EBON] by around 8,356,935 shares. Additionally, 11 investors decreased positions by around 370,657 shares, while 1 investors held positions by with 733,257 shares. The mentioned changes placed institutional holdings at 9,460,849 shares, according to the latest SEC report filing. EBON stock had 35 new institutional investments in for a total of 3,699,124 shares, while 8 institutional investors sold positions of 156,292 shares during the same period.