ECMOHO Limited [MOHO] fell -49.36% so far this year. What now?


ECMOHO Limited [NASDAQ: MOHO] traded at a high on 06/09/22, posting a 6.55 gain after which it closed the day’ session at $0.21. The company report on March 17, 2022 that ECMOHO Receives Approval to Transfer to Nasdaq Capital Market.

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ECMOHO Limited (Nasdaq: MOHO) (“ECMOHO” or the “Company”), an integrated solutions provider in the health and wellness market in China, today announced that on March 16, 2022, the Listing Qualifications department of the Nasdaq Stock Market LLC (“Nasdaq”) approved the Company’s request to transfer the listing of the Company’s American Depositary Shares (the “ADSs”) from the Nasdaq Global Market to the Nasdaq Capital Market. The transfer is expected to take effect at the opening of business on March 17, 2022. The transfer of the Company’s listing to the Nasdaq Capital Market is not expected to have any impact on trading in the Company’s ADSs. The Company’s ADSs will continue to trade uninterruptedly under the symbol “MOHO.” The Nasdaq Capital Market operates in substantially the same manner as the Nasdaq Global Market, and companies on the Nasdaq Capital Market must meet certain financial and corporate governance requirements to qualify for continued listing.

As previously disclosed, on September 16, 2021, the Company received a letter from Nasdaq indicating that the Company was not in compliance with Nasdaq Listing Rule 5450(a)(1), as the closing bid price of the ADSs had been below US$1.00 per ADS for the previous 30 consecutive business days. The Company was given a period of 180 calendar days, or until March 15, 2022, to regain compliance with the minimum bid price requirement. In response, the Company submitted an application to transfer the listing of its ADSs from the Nasdaq Global Market to the Nasdaq Capital Market.

The results of the trading session contributed to over 4576380 shares changing hands. Over the past one week, the price volatility of ECMOHO Limited stands at 18.55% while the volatility over the past one month is 15.53%.

The market cap for MOHO stock reached $10.31 million, with 46.09 million shares outstanding and 34.65 million shares in the current float. Compared to the average trading volume of 1.49M shares, MOHO reached a trading volume of 4576380 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about ECMOHO Limited [MOHO]?

The Average True Range (ATR) for ECMOHO Limited is set at 0.03, with the Price to Sales ratio for MOHO stock in the period of the last 12 months amounting to 0.08. The Price to Book ratio for the last quarter was 0.33, with the Price to Cash per share for the same quarter was set at 0.87.

How has MOHO stock performed recently?

ECMOHO Limited [MOHO] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 5.13. With this latest performance, MOHO shares gained by 21.50% in over the last four-week period, additionally sinking by -56.45% over the last 6 months – not to mention a drop of -86.59% 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 MOHO stock in for the last two-week period is set at 56.21, with the RSI for the last a single of trading hit 63.39, and the three-weeks RSI is set at 51.69 for ECMOHO Limited [MOHO]. The present Moving Average for the last 50 days of trading for this stock 0.2064, while it was recorded at 0.1934 for the last single week of trading, and 0.3969 for the last 200 days.

ECMOHO Limited [MOHO]: Deeper insight into the fundamentals

ECMOHO Limited’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.00 and a Current Ratio set at 1.40.

Insider trade positions for ECMOHO Limited [MOHO]

Positions in ECMOHO Limited stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 7 institutional holders increased their position in ECMOHO Limited [NASDAQ:MOHO] by around 720,912 shares. Additionally, 1 investors decreased positions by around 10,820 shares, while 1 investors held positions by with 274,330 shares. The mentioned changes placed institutional holdings at 1,006,062 shares, according to the latest SEC report filing. MOHO stock had 4 new institutional investments in for a total of 456,610 shares, while 1 institutional investors sold positions of 10,820 shares during the same period.