Ebang International (NASDAQ:EBON) Trading Up 1.9% – What’s Next?

Ebang International Holdings Inc. (NASDAQ:EBON) was up 1.9% on Tuesday . The stock traded as high as $2.15 and last traded at $2.15. Approximately 1,866 shares changed hands during mid-day trading, a decline of 58% from the average daily volume of 4,412 shares. The stock had previously closed at $2.11.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Ebang International in a research report on Friday, May 1st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Ebang International Trading Up 1.9%

The stock’s 50 day moving average is $2.16 and its 200 day moving average is $2.77.

Ebang International (NASDAQ:EBON) last released its earnings results on Saturday, April 25th. The company reported ($0.76) earnings per share for the quarter. The business had revenue of $1.48 million during the quarter.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Ebang International stock. Susquehanna International Group LLP increased its position in shares of Ebang International Holdings Inc. (NASDAQ:EBON) by 18.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,474 shares of the company’s stock after acquiring an additional 3,733 shares during the period. Susquehanna International Group LLP’s holdings in Ebang International were worth $108,000 at the end of the most recent quarter. Institutional investors own 1.15% of the company’s stock.

Ebang International Company Profile

Ebang International Holdings Inc is a China-based technology company that specializes in the design, development and sale of high-performance application-specific integrated circuit (ASIC) miner machines for cryptocurrency mining. In addition to its core hardware business, the company offers blockchain computing services and related technical support, enabling mining operations to optimize efficiency and manage large-scale deployments.

Founded in 2010 and headquartered in Hangzhou, Ebang has established research and development centers in major Chinese cities, including Beijing and Shanghai.