Earlyworks (NASDAQ:ELWS) Trading Down 10.2% – Time to Sell?

Earlyworks Co., Ltd. Unsponsored ADR (NASDAQ:ELWS)’s share price traded down 10.2% on Thursday . The company traded as low as $3.77 and last traded at $4.05. 835,805 shares changed hands during trading, an increase of 1,532% from the average session volume of 51,215 shares. The stock had previously closed at $4.51.

Analysts Set New Price Targets

A number of research firms have commented on ELWS. Wall Street Zen raised shares of Earlyworks from a “sell” rating to a “hold” rating in a research report on Saturday, December 13th. Weiss Ratings restated a “sell (e+)” rating on shares of Earlyworks in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Earlyworks Price Performance

The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.46. The stock’s fifty day simple moving average is $5.70 and its 200 day simple moving average is $4.39.

Earlyworks Company Profile

Earlyworks Co, Ltd operates as a blockchain-based technology company in Japan. The company builds products, deliver services, and develop solutions based on its proprietary Grid Ledger System to leverage blockchain technology in various business settings, including advertisement tracking, online visitor management, and sales of non-fungible tokens. It also provides software and system development services; consulting and solution services; blockchain system solution planning; and proposal, design, and development planning services.