Boron One Holdings Inc. Stock Price: Will BONE Reverse From Low?
The share price of Boron One Holdings Inc. (TSXV: BONE) is trading in a downward direction. In the weekly time frame, the price of the stock is decreasing and the price is forming lows. The revenue of BONE stock is declining and has a market cap of CA$8.10 Million. The stock’s beta value is 0. Boron One Holdings Inc. (BONE) stock has a 52-week high of CA$0.11 and a 52-week low of CA$0.02. The Boron One Holdings Inc. Stock company does not pay any dividends to its shareholders. This might make investors less interested in holding positions. As per the data published on TradingView, the BONE stock’s net income is in negative figures as of 2022. The company has a 0% profit margin. Boron One Holdings Inc. (BONE) stock price reached a high of CA$34.29 in February 1997. Since then, the price has been in a downtrend momentum. The price fell by almost 97%. Currently, is in a negative pattern and the price is forming a weak structure. In the last 6 months, the price of BONE has shown a decline of 40%. This indicates that the stock price is continuously declining. BONE stock price trades below the 50-day and 100-day EMA levels. This shows that the Boron One Holdings Inc. Stock is in a downtrend and that further price decline is possible in the future. The MACD line for the Boron One Holdings Inc. stock is trading below the signal line. Also, there is a red histogram formation in the BONE stock. This suggests that the BONE stock is currently bearish and the prices may fall in the next few days. The RSI line for the BONE stock is currently trading below the 14 SMA line. Also, both the lines are trading near the 30 level. The weak RSI line for BONE stock indicates that the price will fall in the future. As per the analysis, the price of Boron One Holdings Inc. stock is decreasing. The price is experiencing a downward momentum with a decline of 40% in the last 6 months. Also, the earning and revenue of the Boron One Holdings Inc. Stock is increasing. This indicates a possible fall in the stock price in the future. The views and opinions of the author, or anyone named in this article, are for informational purposes only. They do not offer financial, investment, or other advice. Investing or trading crypto assets involves the risk of financial loss.