The trading price of Chanson International Holding (NASDAQ:CHSN) closed higher on Tuesday, May 06, and closing at $0.40, 14.37% higher than its previous close.
The company’s P/E ratio in the trailing 12-month period was 62.55. In examining the 52-week price action we see that the stock hit a 52-week high of $15.55 and a 52-week low of $0.18. Over the past month, the stock has gained 82.79% in value.
Chanson International Holding, whose market valuation is $10.92 million at the time of this writing, is expected to release its quarterly earnings report in June. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 0 per share this quarter, however they have predicted annual earnings per share of 0 for current year and 0 for next year.
On the technical side, indicators suggest CHSN has a Hold on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Sell, while an average of long term indicators suggests that the stock is currently 100% Sell.
A quick review shows that CHSN’s price is currently 29.98% off the SMA20 and 50.68% off the SMA50. The RSI metric on the 14-day chart is currently showing 60.90, and weekly volatility stands at 14.51%. When measured over the past 30 days, the indicator reaches 17.09%. Chanson International Holding (NASDAQ:CHSN)’s beta value is currently sitting at -2.93, while the Average True Range indicator is currently displaying 0.05.
To see how Chanson International Holding stock has been performing in comparison to its peers in the industry, here are the numbers: CHSN stock’s performance was 14.37% in the latest trading, and -78.30% in the past year. Chanson International Holding has a P/E ratio of 62.55.
An evaluation of the daily trading volume of Chanson International Holding (NASDAQ:CHSN) indicates that the 3-month average is 4.06 million.
Currently, records show that 21.63 million of the company’s shares remain outstanding. The insiders hold 81.64% of outstanding shares, whereasinstitutions hold 0.21%. However, since the stock’s price has seen -92.17% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
