Ebang International (NASDAQ:EBON) Shares Up 4.8% – What’s Next?

Ebang International Holdings Inc. (NASDAQ:EBON)’s share price shot up 4.8% during mid-day trading on Thursday . The company traded as high as $2.31 and last traded at $2.18. Approximately 29,165 shares traded hands during trading, an increase of 342% from the average daily volume of 6,599 shares. The stock had previously closed at $2.08.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of Ebang International from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, July 13th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.

Ebang International Stock Up 6.4%

The stock’s fifty day moving average price is $2.10 and its 200-day moving average price is $2.23.

Ebang International (NASDAQ:EBON) last posted its quarterly earnings results on Friday, August 14th. The company reported ($0.23) EPS for the quarter. The company had revenue of $1.96 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 holdings in shares of Ebang International Holdings Inc. (NASDAQ:EBON) by 18.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,474 shares of the company’s stock after acquiring an additional 3,733 shares during the quarter. Susquehanna International Group LLP’s holdings in Ebang International were worth $108,000 as of its most recent SEC filing. Institutional investors own 1.15% of the company’s stock.

About Ebang International

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.