Earlyworks (NASDAQ:ELWS) Trading Up 3.9% – Should You Buy?

Earlyworks Co., Ltd. Unsponsored ADR (NASDAQ:ELWS)’s share price was up 3.9% during trading on Tuesday . The company traded as high as $5.80 and last traded at $5.80. Approximately 11,614 shares traded hands during mid-day trading, a decline of 74% from the average daily volume of 44,924 shares. The stock had previously closed at $5.58.

Analyst Upgrades and Downgrades

Several analysts have issued reports on ELWS shares. Weiss Ratings reissued a “sell (e+)” rating on shares of Earlyworks in a report on Monday. Wall Street Zen raised Earlyworks to a “sell” rating in a research report on Friday, September 26th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

Earlyworks Stock Up 3.9%

The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.46. The firm’s fifty day moving average is $4.55 and its two-hundred day moving average is $3.36.

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.