Euda Health Holdings Limited’s (EUDA) Stock Is Harder To Predict Than You Think

AMAT

Euda Health Holdings Limited (NASDAQ:EUDA) price on Thursday, March 28, remained unchanged to $1.80.

A look at the stock’s price movement, the close in the last trading session was $1.80. The beta value (5-Year monthly) was -0.35. Turning to its 52-week performance, $3.09 and $0.43 were the 52-week high and 52-week low respectively. Overall, EUDA moved 35.34% over the past month.

Euda Health Holdings Limited’s market cap currently stands at around $44.33 million.

Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that EUDA is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.

EUDA’s current price about 20.38% and 21.68% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 66.05, while 7-day volatility ratio is 8.39% and 8.56% in the 30-day chart. Further, Euda Health Holdings Limited (EUDA) has a beta value of -0.25, and an average true range (ATR) of 0.13.

If we refocus on Euda Health Holdings Limited (NASDAQ:EUDA), historical trading data shows that trading volumes averaged 63920.0 over the past 10 days and 96.25K over the past 3 months. The company’s latest data on shares outstanding shows there are 20.19 million shares.

The 34.58% of Euda Health Holdings Limited’s shares are in the hands of company insiders while institutional holders own 4.34% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 25230.0 on Mar 15, 2024, giving us a short ratio of 0.42. The data shows that as of Mar 15, 2024 short interest in Euda Health Holdings Limited (EUDA) stood at 0.10% of shares outstanding, with shares short rising to 16690.0 registered in Feb 15, 2024. Current price change has pushed the stock 25.87% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the EUDA stock continues to rise going into the next quarter.

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