What Caused Lixiang Education Holding Co Ltd ADR (NASDAQ: LXEH) To Fall?

Lixiang Education Holding Co Ltd ADR (NASDAQ:LXEH) traded at $6.04 at close of the session on Tuesday, March 19, made a downward move of -2.58% on its previous day’s price.

Looking at the stock we see that its previous close was $6.20 . In terms of its 52-week price range, LXEH has a high of $6.51 and a low of $0.40. The company’s stock has gained about 29.34% over that past 30 days.

Lixiang Education Holding Co Ltd ADR has a market cap of $40.29 million.

There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the LXEH stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 100% Buy.

Looking further, we note the current price level is 13.34% off its SMA20 and 33.99% from its 50-day simple moving average. The RSI (14) is pointing at 63.65 while the volatility over the past week is 14.23% and jumps to 13.94% over the past one month. The beta value is 1.38, while the average true range (ATR) is currently pointing at 0.67.

Coming back to Lixiang Education Holding Co Ltd ADR (NASDAQ:LXEH), we note that the average 3-month trading volume was 194.94K, while that of the preceding 10-day period stands at 0.74 million. Current shares outstanding are 6.67 million.

The institutions hold 0.26%. The data shows that short shares as of Feb 29, 2024, stood at 10690.0 at a short ratio of 0.09. This represents a 0.16% short interest in shares outstanding on Feb 29, 2024. Shares short fall in February from the previous month at 12200.0. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 174.55% up in year-to-date price movement.

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