Earlyworks (NASDAQ:ELWS) Stock Price Down 0.2% – What’s Next?

Earlyworks Co., Ltd. Unsponsored ADR (NASDAQ:ELWS) fell 0.2% during mid-day trading on Friday . The stock traded as low as $4.63 and last traded at $4.80. 17,303 shares traded hands during trading, a decline of 66% from the average session volume of 51,215 shares. The stock had previously closed at $4.81.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports 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 reiterated a “sell (e+)” rating on shares of Earlyworks in a report on Monday, December 29th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Earlyworks currently has a consensus rating of “Sell”.

Earlyworks Stock Down 0.2%

The company’s 50 day simple moving average is $5.47 and its 200 day simple moving average is $4.42. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.74 and a quick ratio of 1.74.

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.