Notable News to Watch: Ebang International Holdings Inc. (NASDAQ:EBON)

Ebang International Holdings Inc. (NASDAQ:EBON) spotted trading -34.11% off 52-week high price. On the other end, the stock has been noted 159.21% away from the low price over the last 52-weeks. The stock changed 2.50% to recent value of $9.85. The stock transacted 482789 shares during most recent day however it has an average volume of 1.06M shares. The company has 84.41M of outstanding shares and 63.58M shares were floated in the market.

On Sept. 25, 2020, Ebang International Holdings Inc. (NASDAQ:EBON) a leading application-specific integrated circuit (ASIC) chip design company and a leading manufacturer of high-performance Bitcoin mining machines, declared its unaudited financial results for the first six months of fiscal year 2020.

Operational and Financial Highlights for the First Six Months of Fiscal Year 2020

Total computing power sold in the first six months of 2020 was 0.25 million Thash/s, representing a year-over-year decrease of 86.02% from 1.82 million Thash/s in the same period of 2019.

Total net revenues in the first six months of 2020 were US$11.04 million, representing a 50.60% year-over-year decrease from US$22.35 million in the same period of 2019.

Gross loss in the first six months of 2020 was US$0.97 million, representing a 94.59% year-over-year decrease from US$17.87 million in the same period of 2019.

Net loss in the first six months of 2020 was US$6.96 million compared to US$19.07 million in the same period of 2019.

The price moved ahead of 24.48% from the mean of 20 days, 58.52% from mean of 50 days SMA and performed 68.17% from mean of 200 days price.

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