Ebang International Holdings (EBON) AI Stock Analysis

• Market Cap: $21.79M
• Dividend Yield: N/A
• Average Volume (3M): 5.89K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.33
• Revenue Growth: -74.61%
• EPS Growth: N/A
• Country: US
• Employees: 303
• Sector: Technology
• Sector Strength: 45
• Industry: Computer Hardware
• EPS (TTM): -5.60
• Shares Outstanding: 4,989,746
• 10 Day Avg. Volume: 7,014
• 30 Day Avg. Volume: 5,892
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 5.57
• Price to Cash Flow (P/CF): N/A
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

EBON faces significant challenges with negative profitability and liquidity issues, as reflected in its financial performance. The technical analysis supports a bearish outlook, compounded by a negative valuation. The lack of positive insights from the earnings call further contributes to a low overall score.

Ebang International Holdings Business Overview & Revenue Model

Company Description

Ebang International Holdings Inc. (EBON) is a leading player in the blockchain technology sector, primarily known for designing and manufacturing high-performance Bitcoin mining machines. The company is headquartered in China and operates in the cryptocurrency mining industry, offering a range of products and services including mining machine manufacturing and related blockchain services.

How the Company Makes Money

Ebang International Holdings generates revenue primarily through the sale of Bitcoin mining machines and equipment. The company designs and manufactures these machines, leveraging their expertise in application-specific integrated circuit (ASIC) chip design. Additionally, Ebang has been expanding its business model to include blockchain-enabled financial services and cryptocurrency exchange operations, which contribute to its revenue streams. The company's earnings are significantly influenced by the demand for cryptocurrency mining equipment, the volatility of cryptocurrency prices, and the overall growth of the blockchain technology market. Ebang also explores strategic partnerships and collaborations to enhance its service offerings and market reach.

Ebang International Holdings Financial Statement Overview

Summary

Ebang International Holdings is struggling financially with negative profitability margins and a decline in revenue growth. Although the company has a solid equity position and low leverage, liquidity is a concern due to negative free cash flow.

Income Statement

The company shows a concerning negative gross profit margin and net profit margin, indicating that it is not generating sufficient revenue to cover costs. Revenue has decreased significantly, demonstrating a negative growth trend. Both EBIT and EBITDA margins are negative as well, highlighting operational inefficiencies and a lack of profitability.

Balance Sheet

The company maintains a solid equity position, with a high equity ratio reflecting strong financial stability. The debt-to-equity ratio is low, indicating low leverage, which reduces financial risk. However, the return on equity is negative, signaling that the company is not generating profits from its equity base.

Cash Flow

Free cash flow is negative and has declined over the period, reflecting cash outflows exceeding inflows. The operating cash flow to net income ratio suggests operational challenges, as cash generated from operations is insufficient to cover net losses, impacting liquidity.

Breakdown
TTM	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement		Total Revenue
2.88M	4.86M	32.33M	51.45M	19.00M	109.06M
	Gross Profit
-17.61M	-16.70M	19.89M	29.22M	-2.90M	-30.56M
	EBIT
-53.42M	-53.64M	-22.78M	2.03M	-26.65M	-50.64M
	EBITDA
-47.49M	-35.55M	-35.12M	8.29M	-14.98M	-29.78M
	Net Income Common Stockholders
-35.18M	-36.77M	-43.89M	4.43M	-32.11M	-42.40M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
990.12K	242.13M	257.16M	275.49M	54.50M	3.46M
	Total Assets
13.07M	298.24M	344.17M	385.86M	144.20M	82.61M
	Total Debt
0.00	6.68M	7.26M	3.45M	2.65M	23.69M
	Net Debt
-990.12K	-234.96M	-244.07M	-236.60M	-11.02M	20.22M
	Total Liabilities
2.40M	16.92M	22.38M	16.88M	34.38M	57.04M
	Stockholders Equity
10.67M	279.84M	318.93M	363.74M	103.13M	17.98M
Cash Flow		Free Cash Flow
0.00	-21.80M	-9.77M	-21.49M	-38.59M	-19.09M
	Operating Cash Flow
0.00	-11.65M	4.30M	-12.97M	-15.83M	-13.26M
	Investing Cash Flow
0.00	2.75M	6.61M	-6.51M	-63.18M	-5.81M
	Financing Cash Flow
0.00	0.00	-20.00K	247.18M	92.06M	8.55M

Ebang International Holdings Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 3.33
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For EBON, the sentiment is Negative. The current price of 3.33 is below the 20-day moving average (MA) of 3.69, below the 50-day MA of 4.40, and below the 200-day MA of 5.91, indicating a bearish trend. The MACD of -0.33 indicates Negative momentum. The RSI at 36.03 is Neutral, neither overbought nor oversold. The STOCH value of 46.82 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for EBON.

Ebang International Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
RIOT	67 Neutral	$2.26B	18.76	4.35%	―	34.20%	―
MARA	60 Neutral	$4.38B	9.23	18.84%	―	69.38%	30.30%
Sector *	58 Neutral	$10.03B	10.00	-6.85%	3.09%	7.49%	-11.58%
HIVE	51 Neutral	$324.09M	―	-2.15%	―	27.99%	90.99%
BITF	49 Neutral	$588.01M	―	-11.98%	―	33.77%	61.73%
CAN	44 Neutral	$198.65M	―	-81.29%	―	5.59%	32.06%
EBON	41 Neutral	$21.79M	―	-12.08%	―	-74.61%	―