Analysts who follow Ebang International Holdings Inc (EBON) on average expect it to lose -100.00% over the next twelve months. Those same analysts give the stock an average rating of Hold.
That average rating earns EBON an Analyst Ranking of 0, which means it ranks higher than 0 of stocks, based on data compiled by InvestorsObserver.
Why are Analyst Ratings Important?
Though analyst projections should not be your only resource when determining your position on a stock, it can be a very useful tool. Analysts follow sectors/industries in-depth and tend to know how local and global conditions tend to affect demand and prices. Many analysts even participate in conference calls where they can get information to better make sense of the numbers.
InvestorsObserver averages the ratings provided by analysts and then ranks their score as a percent against the market. This allows you to compare stocks in a more comprehensive fashion than with the typical buy/sell/hold ranking.
What's Happening With Ebang International Holdings Inc Stock Today?
Ebang International Holdings Inc (EBON) stock is trading at $4.56 as of 10:07 AM on Friday, Apr 16, a rise of $0.34, or 8.07% from the previous closing price of $4.22. The stock has traded between $4.18 and $4.74 so far today. Volume today is less active than usual. So far 13,081,263 shares have traded compared to average volume of 27,259,909 shares.
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