Earlyworks (NASDAQ:ELWS) Stock Price Down 10.2% – Should You Sell?

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

Wall Street Analyst Weigh In

A number of analysts recently issued reports on ELWS shares. Weiss Ratings restated a “sell (e+)” rating on shares of Earlyworks in a research report on Monday, December 29th. Wall Street Zen upgraded shares of Earlyworks from a “sell” rating to a “hold” rating in a report on Saturday, December 13th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

Earlyworks Price Performance

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

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.