Advanced Biomed Inc [NASDAQ: ADVB] gained 24.56% or 0.11 points to close at $0.57 with a heavy trading volume of 26950124 shares.
It opened the trading session at $0.45, the shares rose to $0.6578 and dropped to $0.446, the range by which the price of stock traded the whole day. The daily chart for ADVB points out that the company has recorded -70.31% loss over the past six months.
If we look at the average trading volume of 1.12M shares, ADVB reached to a volume of 26950124 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 Advanced Biomed Inc [ADVB]:
The Price to Book ratio for the last quarter was 103.11, with the Price to Cash per share for the same quarter was set at 0.00.
Trading performance analysis for ADVB stock
Advanced Biomed Inc [ADVB] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 28.89. With this latest performance, ADVB shares gained by 26.58% in over the last four-week period, additionally sinking by -70.31% over the last 6 months – not to mention a drop of -84.46% 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 ADVB stock in for the last two-week period is set at 64.24, with the RSI for the last a single of trading hit 0.0700, and the three-weeks RSI is set at 0.0651 for Advanced Biomed Inc [ADVB]. The present Moving Average for the last 50 days of trading for this stock 0.4623, while it was recorded at 0.4718 for the last single week of trading.
Advanced Biomed Inc (ADVB) Capital Structure & Debt Analysis
Advanced Biomed Inc (ADVB) Efficiency & Liquidity Metrics
Based on Advanced Biomed Inc’s (ADVB) latest financial statements, the Debt-to-Equity Ratio is 0.33%, indicating its reliance on debt financing relative to shareholder equity.
Advanced Biomed Inc (ADVB) Efficiency & Liquidity Metrics
From an operational efficiency perspective, Advanced Biomed Inc. (ADVB) effectively leverages its workforce, generating an average of -$3225.81 per employee. The company’s liquidity position is robust, with a Current Ratio of 2.09% and a Quick Ratio of 2.09%, indicating strong ability to cover short-term liabilities.
An analysis of Institutional ownership at Advanced Biomed Inc [ADVB]
There are presently around $0.61%, or 2.70%% of ADVB stock, in the hands of institutional investors.
