Analysts Provide Insight Into Sunrise New Energy Co. Ltd.’s (EPOW) Potential.

Sunrise New Energy Co. Ltd. (NASDAQ:EPOW) price on Wednesday, April 26, rose 6.32% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $2.02.

A look at the stock’s price movement, the close in the last trading session was $1.90, moving within a range at $1.81 and $2.95. Turning to its 52-week performance, $6.42 and $1.37 were the 52-week high and 52-week low respectively. Overall, EPOW moved -27.08% over the past month.

Sunrise New Energy Co. Ltd.’s market cap currently stands at around $47.11 million.

Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that EPOW is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.

EPOW’s current price about -18.01% and -27.81% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 33.96, while 7-day volatility ratio is 17.97% and 10.53% in the 30-day chart. Further, Sunrise New Energy Co. Ltd. (EPOW) has a beta value of 0, and an average true range (ATR) of 0.26.

In the market, a comparison of Sunrise New Energy Co. Ltd. (EPOW) and its peers suggest the former has performed considerably stronger. Data shows EPOW’s intraday price has changed 6.32% in last session and -0.49% over the past year. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are down -0.38% and -0.68% respectively in the last trading.

If we refocus on Sunrise New Energy Co. Ltd. (NASDAQ:EPOW), historical trading data shows that trading volumes averaged 0.28 million over the past 10 days and 53.61K over the past 3 months. The company’s latest data on shares outstanding shows there are 24.53 million shares.

The 53.56% of Sunrise New Energy Co. Ltd.’s shares are in the hands of company insiders while institutional holders own 0.10% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 52670.0 on Apr 13, 2023, giving us a short ratio of 1.84. The data shows that as of Apr 13, 2023 short interest in Sunrise New Energy Co. Ltd. (EPOW) stood at 0.21% of shares outstanding, with shares short falling to 78860.0 registered in Mar 14, 2023. Current price change has pushed the stock -26.01% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the EPOW stock continues to rise going into the next quarter.