Watch for Continued Losses in Shares of Jiuzi Holdings Inc. (JZXN)

July 20, 2021 10:29:35

Jiuzi Holdings Inc. (NASDAQ:JZXN) traded today at a new 52-week low of $3.52. Approximately 4.4 million shares have changed hands today, as compared to an average 30-day volume of 2.2 million shares.

Jiuzi Holdings Inc. share prices have moved between a 52-week high of $49.01 and the current low of $3.52 and are currently at $3.60 per share.

Jiuzi Holdings Inc operates as a franchise under the brand name Jiuzi. It sells new energy vehicles in third-fourth tier cities in China. The firm also sells plug-in electric vehicles on-demand from vehicle buyers. Its business segments are sales of NEVs and franchise services. The company generates a majority of its revenue from franchisee’s service. Geographically, the firm operates in China.

There is potential upside of 15.7% for shares of Jiuzi Holdings Inc. based on a current price of $3.60 and an average consensus analyst price target of $4.17.

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