EBON - Watch for Continued Losses in Shares of Ebang International Holdings Inc. (EBON)
Shares of Ebang International Holdings Inc. (NASDAQ:EBON) traded today at $2.23, breaking its 52-week low. This new low was reached on below average trading volume as 1.2 million shares traded hands, while the average 30-day volume is approximately 5.6 million shares.
There is potential upside of 42.1% for shares of Ebang International Holdings Inc. based on a current price of $2.23 and an average consensus analyst price target of $3.17.
Ebang International Holdings Inc is an application-specific integrated circuit, or ASIC, chip design company and a manufacturer of high performance Bitcoin mining machines. The company's Ebit E10 model, is a commercial mining machine that uses 10 nm ASIC chips among other mining machine producers. It operates in single segment selling of Bitcoin mining machines and related accessories, telecommunications products and provision of management and maintenance services.
Over the past year, Ebang International Holdings Inc. has traded in a range of $2.23 to $14.95 and is now at $2.23.
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