Paranovus Entertainment Technology (NASDAQ:PAVS) Shares Up 18.8% – Should You Buy?

Paranovus Entertainment Technology Ltd. (NASDAQ:PAVS)’s share price was up 18.8% during mid-day trading on Monday . The stock traded as high as $1.65 and last traded at $1.58. Approximately 10,443,283 shares were traded during mid-day trading, an increase of 1,148% from the average daily volume of 836,714 shares. The stock had previously closed at $1.33.

Wall Street Analysts Forecast Growth

PAVS has been the subject of several research analyst reports. Wall Street Zen upgraded shares of Paranovus Entertainment Technology to a “hold” rating in a research note on Saturday, December 27th. Weiss Ratings restated a “sell (d-)” rating on shares of Paranovus Entertainment Technology in a report on Wednesday, December 24th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Paranovus Entertainment Technology presently has an average rating of “Sell”.

Paranovus Entertainment Technology Price Performance

The firm has a 50-day moving average of $9.66 and a 200 day moving average of $53.30.

Paranovus Entertainment Technology (NASDAQ:PAVS) last announced its quarterly earnings results on Friday, December 5th. The company reported ($0.50) earnings per share (EPS) for the quarter. The business had revenue of $6.21 million for the quarter.

About Paranovus Entertainment Technology

Paranovus Entertainment Technology, Inc (NASDAQ: PAVS) is a development‐stage technology company specializing in digital media solutions for the casino gaming, hospitality and entertainment sectors. The company’s core business revolves around the design, development and deployment of interactive software and hardware platforms that enhance guest engagement, streamline operations and deliver targeted advertising in high‐traffic venues.

Central to Paranovus’ offerings is its PAVS platform, an integrated system that supports virtual‐reality experiences, digital signage, social media kiosks and interactive gaming modules.