Elong Power (NASDAQ:ELPW) Raised to Hold at Wall Street Zen

Elong Power (NASDAQ:ELPW) was upgraded by equities researchers at Wall Street Zen to a “hold” rating in a research report issued to clients and investors on Saturday.

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Elong Power in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

Elong Power Stock Performance

Elong Power stock opened at $0.36 on Friday. Elong Power has a fifty-two week low of $0.25 and a fifty-two week high of $8.08. The firm’s 50-day simple moving average is $1.16 and its 200 day simple moving average is $1.99.

Institutional Trading of Elong Power

An institutional investor recently bought a new position in Elong Power stock. Invesco Ltd. acquired a new position in Elong Power Holding Limited (NASDAQ:ELPW) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 34,808 shares of the company’s stock, valued at approximately $31,000. Invesco Ltd. owned 0.07% of Elong Power as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 88.31% of the company’s stock.

Elong Power Company Profile

Elong Power Holding Ltd. engages in the research and development, manufacturing, sales and service of high-power lithium-ion batteries for electric vehicles and construction machinery, as well as large-capacity, long-cycle lithium-ion batteries for energy storage systems. The company was founded on August 18, 2023 and is headquartered in Ganzhou, China.