Is Ebang International Holdings Inc (EBON) Stock About to Get Hot Monday?

Overall market sentiment has been high on Ebang International Holdings Inc (EBON) stock lately. EBON receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

Ebang International Holdings Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on EBON!

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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. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With EBON Stock Today?

Ebang International Holdings Inc (EBON) stock has fallen -0.57% while the S&P 500 is higher by 0.34% as of 11:48 AM on Monday, Jun 12. EBON has fallen -$0.04 from the previous closing price of $7.12 on volume of 8,790 shares. Over the past year the S&P 500 has risen 15.04% while EBON has fallen -64.02%. EBON lost -$7.03 per share in the over the last 12 months.

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 a single segment selling Bitcoin mining machines and related accessories, telecommunications products and provision of management and maintenance services. Click Here to get the full Stock Report for Ebang International Holdings Inc stock.