Taking the lead: Ebang International Holdings Inc. (EBON)

Ebang International Holdings Inc. (NASDAQ: EBON) stock jumped 3.23% on Friday to $0.50 against a previous-day closing price of $0.48. With 1.12 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.84 million shares. During the session, the Computer Hardware company that operates in wider Technology sector, reached to the highest price of $0.5200 whereas the lowest price it dropped to was $0.4857. The 52-week range on EBON shows that it touched its highest point at $3.10 and its lowest point at $0.37 during that stretch.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of EBON was up-trending over the past week, with a rise of 1.50%, but this was up by 10.31% over a month. Three-month performance dropped to -51.42% while six-month performance fell -58.71%. The stock lost -77.98% in the past year, while it has lost -51.89% so far this year.

Float and Shares Shorts:

On Jul 14, 2022, short shares totaled 5.15 million, which was 2.75% higher than short shares on Jun 14, 2022. In addition to Mr. Dong Hu as the firm’s Chairman of Board, CFO & CEO, Ms. Chunjuan Peng serves as its Deputy GM & Director.

Institutional Ownership:

Through their ownership of 17.39% of EBON’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 6.39% of EBON, in contrast to 2.74% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in EBON with 3.60% of the stake, SSgA Funds Management, Inc. holds 5,067,027 shares worth 5,067,027. A second-largest stockholder of EBON, Global X Management Co. LLC, holds 1,887,745 shares, controlling over 1.34% of the firm’s shares. Rafferty Asset Management LLC is the third largest shareholder in EBON, holding 1,435,892 shares or 1.02% stake. With a 1.31% stake in EBON, the Global X Blockchain ETF is the largest stakeholder. A total of 1,847,955 shares are owned by the mutual fund manager. The BetaShares Crypto Innovators ETF, which owns about 0.39% of EBON stock, is the second-largest Mutual Fund holder. It holds 544,401 shares valued at 0.22 million. Deka – BasisStrategie Flexibel holds 0.17% of the stake in EBON, owning 240,000 shares worth 96240.0.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for EBON since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With EBON analysts setting a high price target of – and a low target of –, the average target price over the next 12 months is –.

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