Everbright Digital (NASDAQ:EDHL) Trading Up 3.2% – What’s Next?

Everbright Digital Holding Limited (NASDAQ:EDHL) shot up 3.2% during mid-day trading on Monday . The stock traded as high as $0.2946 and last traded at $0.2580. 508,260 shares traded hands during mid-day trading, a decline of 37% from the average session volume of 805,954 shares. The stock had previously closed at $0.25.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e)” rating on shares of Everbright Digital in a report on Tuesday, October 14th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Everbright Digital Stock Performance

The company’s 50-day moving average price is $0.70 and its 200-day moving average price is $1.09.

Everbright Digital (NASDAQ:EDHL) last posted its earnings results on Wednesday, December 31st. The company reported ($0.02) EPS for the quarter. The company had revenue of $0.36 million during the quarter.

Hedge Funds Weigh In On Everbright Digital

An institutional investor recently bought a new position in Everbright Digital stock. Citadel Advisors LLC purchased a new position in shares of Everbright Digital Holding Limited (NASDAQ:EDHL) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 44,828 shares of the company’s stock, valued at approximately $30,000. Citadel Advisors LLC owned 0.17% of Everbright Digital as of its most recent SEC filing.

About Everbright Digital

Everbright Digital Holdings Co, Ltd. is a Cayman Islands holding company that, through its subsidiaries, delivers digital operation services and interactive solutions to cultural tourism, sports and small and medium-sized enterprises in the People’s Republic of China. The company specializes in digital marketing, content distribution and technology-driven platforms designed to enhance customer engagement and streamline operational workflows. Its portfolio includes digital interactive applications, intelligent library systems and tools for digital event management.

Since its founding in 2018, Everbright Digital has partnered with government agencies, cultural venues and commercial enterprises across more than 20 provinces.