Ebang International (NASDAQ:EBON) Releases Earnings Results

Ebang International (NASDAQ:EBON) announced its quarterly earnings results on Friday. The company reported ($0.76) earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of $1.48 million for the quarter.

Ebang International Stock Performance

EBON stock traded down $0.10 on Friday, reaching $2.48. The company’s stock had a trading volume of 5,801 shares, compared to its average volume of 5,202. The business has a fifty day simple moving average of $2.31 and a two-hundred day simple moving average of $3.19. Ebang International has a 12-month low of $1.61 and a 12-month high of $5.90.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Ebang International in a research report on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

Hedge Funds Weigh In On Ebang International

A hedge fund recently raised its stake in Ebang International stock. Susquehanna International Group LLP lifted its stake in Ebang International Holdings Inc. (NASDAQ:EBON) by 18.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,474 shares of the company’s stock after purchasing 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 filing with the Securities and Exchange Commission (SEC). Hedge funds and other 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.