What Analysts Were Expecting After E-Home Household Service Holdings Ltd (NASDAQ: EJH) rose 26.72%

E-Home Household Service Holdings Ltd (NASDAQ:EJH) shares, rose in value on Thursday, April 04, with the stock price up by 26.72% to the previous day’s close as strong demand from buyers drove the stock to $2.23.

Actively observing the price movement in the recent trading, the stock is buoying the session at $1.76. The value of beta (5-year monthly) is 1.66. Referring to stock’s 52-week performance, its high was $48.75, and the low was $1.16. On the whole, EJH has fluctuated by 42.97% over the past month.

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With the market capitalization of E-Home Household Service Holdings Ltd currently standing at about $39.83 million, investors are eagerly awaiting this quarter’s results, scheduled for May 14, 2024 – May 15, 2024.

Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that EJH’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium term indicators have put the stock in the category of 50% Sell while long term indicators on average have been pointing out that it is a 50% Sell.

The stock’s technical analysis shows that the PEG ratio is about 0, with the price of EJH currently trading nearly 60.97% and 22.25% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 64.73, while the 7-day volatility ratio is showing 10.47% which for the 30-day chart, stands at 8.65%. Furthermore, E-Home Household Service Holdings Ltd (EJH)’s beta value is 1.58, and its average true range (ATR) is 0.21.

A comparison of E-Home Household Service Holdings Ltd (EJH) with its peers suggests the former has fared considerably weaker in the market. EJH showed an intraday change of 26.72% in today’s session so far, and over the past year, it shrunk by -95.30%%.

Data on historical trading for E-Home Household Service Holdings Ltd (NASDAQ:EJH) indicates that the trading volumes over the past 10 days have averaged 0.33 million and over the past 3 months, they’ve averaged 448.87K. According to company’s latest data on outstanding shares, there are 17.86 million shares outstanding.

Nearly 1.76% of E-Home Household Service Holdings Ltd’s shares belong to company insiders and institutional investors own 0.23% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 0.19 million shares as on Mar 15, 2024, resulting in a short ratio of 0.49. According to the data, the short interest in E-Home Household Service Holdings Ltd (EJH) stood at 2.63% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 0.21 million. The stock has fallen by -88.85% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the EJH stock heading into the next quarter.