The market has been neutral on Ebang International Holdings Inc (EBON) stock recently. EBON gets a Neutral score from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.
Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.
InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.
Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .
What's Happening With EBON Stock Today?
Ebang International Holdings Inc (EBON) stock is trading at $5.71 as of 3:27 PM on Thursday, Mar 4, a loss of -$1.44, or -20.14% from the previous closing price of $7.15. The stock has traded between $5.42 and $7.13 so far today. Volume today is less active than usual. So far 15,501,515 shares have traded compared to average volume of 21,233,390 shares.
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More About Ebang International Holdings Inc
Ebang International Holdings Inc is an application-specific integrated circuit, or ASIC, chip design company and a manufacturer of high performance Bitcoin mining machines. The company's Ebit E10 model, is a commercial mining machine that uses 10 nm ASIC chips among other mining machine producers. It operates in single segment selling of Bitcoin mining machines and related accessories, telecommunications products and provision of management and maintenance services.
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