Powerbridge Technologies Co. Ltd. [PBTS] is -13.26% lower this YTD. Is it still time to buy?

Powerbridge Technologies Co. Ltd. [NASDAQ: PBTS] traded at a high on 02/27/23, posting a 1.16 gain after which it closed the day’ session at $0.09. The company report on February 21, 2023 that Powerbridge Technologies Launches Web 3.0 Cryptocurrency ETF Platform.

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Powerbridge Technologies Co., Ltd. (Nasdaq: PBTS) (“Powerbridge” or the “Company”), a provider of multi-industry technology solutions, is pleased to announce the launch of its decentralized cryptocurrency ETF platform (“Powerbridge ETF Platform” or the “Platform”) based on the cutting-edge Web 3.0 technology.

Powerbridge ETF Platform provides a decentralized and transparent network based on  Web 3.0 technology. The Platform utilizes big data analysis to select cryptocurrency index funds, reducing human bias and empowering users to manage their own assets and data without the need for third-party intermediaries. The Platform generates index fund products based on trading strategies and preferences of majority traders across a variety of cryptocurrencies. This allows users to take advantage of market trends and opportunities with a secure and convenient way to trade and manage crypto assets.

The results of the trading session contributed to over 5449753 shares changing hands. Over the past one week, the price volatility of Powerbridge Technologies Co. Ltd. stands at 7.29% while the volatility over the past one month is 11.54%.

The market cap for PBTS stock reached $19.63 million, with 225.69 million shares outstanding and 87.88 million shares in the current float. Compared to the average trading volume of 13.89M shares, PBTS reached a trading volume of 5449753 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Powerbridge Technologies Co. Ltd. [PBTS]?

The Benchmark Company have made an estimate for Powerbridge Technologies Co. Ltd. shares, keeping their opinion on the stock as Speculative Buy, with their previous recommendation back on June 14, 2019.

The Average True Range (ATR) for Powerbridge Technologies Co. Ltd. is set at 0.01, with the Price to Sales ratio for PBTS stock in the period of the last 12 months amounting to 0.77. The Price to Book ratio for the last quarter was 0.10.

How has PBTS stock performed recently?

Powerbridge Technologies Co. Ltd. [PBTS] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -9.66. With this latest performance, PBTS shares dropped by -25.32% in over the last four-week period, additionally sinking by -94.00% over the last 6 months – not to mention a drop of -75.42% 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 PBTS stock in for the last two-week period is set at 35.32, with the RSI for the last a single of trading hit 29.70, and the three-weeks RSI is set at 37.88 for Powerbridge Technologies Co. Ltd. [PBTS]. The present Moving Average for the last 50 days of trading for this stock 0.1078, while it was recorded at 0.0899 for the last single week of trading, and 0.5753 for the last 200 days.

Insider trade positions for Powerbridge Technologies Co. Ltd. [PBTS]

There are presently around $0 million, or 1.38% of PBTS stock, in the hands of institutional investors. The top three institutional holders of PBTS stocks are: RENAISSANCE TECHNOLOGIES LLC with ownership of 471,259, which is approximately New of the company’s market cap and around 71.76% of the total institutional ownership; UBS GROUP AG, holding 102,458 shares of the stock with an approximate value of $9000.0 in PBTS stocks shares; and VIRTU FINANCIAL LLC, currently with $5000.0 in PBTS stock with ownership of nearly New of the company’s market capitalization.

7 institutional holders increased their position in Powerbridge Technologies Co. Ltd. [NASDAQ:PBTS] by around 738,797 shares. Additionally, 6 investors decreased positions by around 207,655 shares, while 1 investors held positions by with 163,482 shares. The mentioned changes placed institutional holdings at 782,970 shares, according to the latest SEC report filing. PBTS stock had 7 new institutional investments in for a total of 738,797 shares, while 6 institutional investors sold positions of 207,655 shares during the same period.


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