Lixiang Education Holding Co Ltd ADR (LXEH) Outlook: A Retrospective

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Lixiang Education Holding Co Ltd ADR (NASDAQ:LXEH) concluded the trading at $0.59 on Friday, March 22, with a fall of -20.12% from its closing price on previous day.

Taking a look at stock we notice that its last check on previous day was $0.74 and 5Y monthly beta was reading 1.39. Considering stock’s 52-week price range provides that LXEH hit a high price of $6.51 and saw its price falling to a low level of $0.40 during that period. Over a period of past 1-month, stock came subtracting -88.63% in its value.

In last 7 days, analysts came adjusting their opinions about stock’s EPS with no upward and no downward revisions, an indication which could give clearer idea about the company’s short term price movement. In contrast, when we review LXEH stock’s current outlook then short term indicators are assigning it an average of 50% Buy, while medium term indicators are categorizing the stock at an average of 50% Buy. Long term indicators are suggesting an average of 50% Sell for it.

Digging deeper we become aware of the PEG ratio of the LXEH stock which is currently positioned at 0. It further provides that stock’s current price level is -88.63% away from its 20-day simple moving average and is -87.08% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 23.54 while volatility remained at 184.70% over the past week which changes to 54.60% when measuring it over the past month. Beta is valued at 1.25, while measure of average true range or ATR is currently at 0.93.

Having a second look at Lixiang Education Holding Co Ltd ADR (NASDAQ:LXEH) provides that stock’s average daily trading volume for 3 months was 556.14K, while it jumped to 2.93 million when we calculate an average volume for past 10 days. Number of outstanding shares of the stock stood at 6.67 million.

The figures also indicate that as of Feb 29, 2024, number of stock’s short shares was 10690.0 which implies a short ratio of 0.09. This shows down a 0.16% of Short Interest in company’s outstanding shares on the day. In February the standing of shares short improved as it was 12200.0 in the previous month. Subtraction of -73.13% by stock’s current price to its year-to-date value in last trading session is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.

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