Ebang International (EBON) Stock Drops Amid Market Volatility

Author's Avatar
Dec 31, 2024

Ebang International (EBON, Financial) experienced a significant stock drop of 7.83%, bringing its price to $5.65 per share with a trading volume of 33,385 shares and a turnover rate of 0.53%. The stock's amplitude reached 10.11%. Recent financial reports show Ebang International recorded revenues of $2.11 million and a net loss of $6.23 million, resulting in earnings per share of -$0.99 and a gross profit of $81,836. The price-to-earnings ratio stands at -1.01. Currently, no institutional recommendations are available for this stock.

Within the computer hardware industry, where Ebang operates, the overall decline was 0.33%. Notable performers include Btc Digital Ltd., Star Atlas International, and Zspace, Inc. Meanwhile, AgEagle Aerial Systems, Rigetti Computing, Inc., and Quantum saw high activity levels. Ebang International specializes in ASIC chip design, blockchain technology, and financial technology, offering Bitcoin mining machines, telecom products, and cryptocurrency services across regions like China and Australia.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.