Ebang International (NASDAQ:EBON) Stock Price Up 1.9% – Here’s Why

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Ebang International in a research note on Friday, May 1st. One analyst has rated the stock with a Sell rating, According to MarketBeat, Ebang International currently has an average rating of “Sell”.

Ebang International Price Performance

The company has a 50 day simple moving average of $2.16 and a 200-day simple moving average of $2.74.

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

Institutional Trading of Ebang International

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