Senmiao Technology Limited (NASDAQ:AIHS) is among the top losers of the stock market today, sinking -6.03% or (-0.04 points) to $0.62 from its previous close of $0.66. Does this decline mean it the best stock to buy right now? The shares seem to have an active trading volume day with a reported 113751 contracts so far this session. AIHS shares had a relatively better volume day versus average trading capacity of 1.29 million shares, but with a 11.07 million float and a 0.05% run over a week, it’s definitely worth keeping an eye on. AIHS share price has been trading recently between $0.572 and $0.7144.
During the recent trading session for Senmiao Technology Limited (NASDAQ:AIHS), the company witnessed their stock rise $unch over a week and surge $0.31 from the price 20 days ago. When compared to their established 52-week high of $7.38, the high they recorded in their recent session happens to be lower. Their established 52-week high was attained by the company on 03/15/19. The recent low of $0.26 stood for a -91.6% since 10/23/19, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 0 is also allocated to the stock. Since the beta is less than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to.
Looking at the current readings for Senmiao Technology Limited, the two-week RSI stands at 52.83. This figure suggests that AIHS stock, for now, is neutral, meaning that the shares are stable in terms of price movement. The stochastic readings, on the other hand, based on the current AIHS readings is similarly very revealing as it has a stochastic reading of 23.97% at this stage. This figure means that AIHS share price today is being overbought.
Technical chart claims that Senmiao Technology Limited (AIHS) would settle between $0.73/share to $0.79/share level. However, if the stock price goes below the $0.58 mark, then the market for Senmiao Technology Limited becomes much weaker. If that happens, the stock price might even plunge as low as $0.51 for its downside target. The stock is currently in the red zone of MACD, with the indicator reading -0.02. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.
Moving on, AIHS stock price is currently trading at 0X forward 12-month Consensus EPS estimates, and its P/E ratio is 0 while for the average stock in the same group, the multiple is 21. Senmiao Technology Limited current P/B ratio of 1.7 means it is trading at a discount against its industry’s 4.7.