Ebang International Holdings (EBON) AI Stock Analysis

• Market Cap: $25.52M
• Dividend Yield: N/A
• Average Volume (3M): 26.84K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.05
• Revenue Growth: 20.88%
• EPS Growth: N/A
• Country: US
• Employees: 218
• Sector: Technology
• Sector Strength: 94
• Industry: Computer Hardware
• EPS (TTM): -2.23
• Shares Outstanding: 4,989,746
• 10 Day Avg. Volume: 9,641
• 30 Day Avg. Volume: 26,836
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: -7.00
• Enterprise Value/Revenue: -30.43
• Enterprise Value/Gross Profit: -150.11
• Enterprise Value/Ebitda: 6.44
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 41 Neutral
• Price Target: ―

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., through its subsidiaries, engages in the research, design, and development of application-specific integrated circuit chips and manufacture of Bitcoin mining machines under the Ebit brand in China, the United States, Hong Kong, and internationally. It also provides mining machine hosting services that enable customers to operate mining machines remotely; and routine maintenance services, as well as engages in the development of proprietary cryptocurrency exchange platform. In addition, the company offers fiber-optic communication access devices, including multiprotocol label switching fiber-optic access network devices, multi-service access platform integrated business access devices, and wavelength-division multiplexing fiber-optic devices; and enterprise convergent terminal products, which consists gigabit passive optical network, enterprise cloud gateway devices, industrial Internet of Things access devices, and business enterprise smart wireless access devices. It serves the blockchain and telecommunications industries. The company also provides foreign exchange trading and digital currency transfer services, as well as deals in virtual currencies. It sells its blockchain products directly, as well as through its website; and telecommunication products under the EBANG brand name primarily through supplier contracts. The company was incorporated in 2018 and is headquartered in Hangzhou, China.

How the Company Makes Money

Ebang International Holdings generates revenue primarily through the sale of its cryptocurrency mining hardware, which is designed to deliver high efficiency and performance for cryptocurrency mining activities. The company's primary revenue stream comes from the manufacturing and selling of Bitcoin miners, which are crucial for individuals and businesses engaged in cryptocurrency mining. Ebang also explores opportunities to expand its revenue model by leveraging blockchain technology and cryptocurrency operations, potentially including the operation of cryptocurrency exchanges and other blockchain-based services. The company's earnings are significantly influenced by the market demand for cryptocurrencies, the technological advancement of its products, and strategic partnerships within the blockchain ecosystem.

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	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	5.87M	4.86M	32.33M	51.45M	19.00M
Gross Profit	1.19M	-16.70M	19.89M	29.22M	-2.90M
EBITDA	-27.72M	-35.55M	-35.12M	8.29M	-14.98M
Net Income	-20.25M	-36.77M	-43.89M	4.43M	-32.11M
Balance Sheet
Total Assets	275.80M	298.24M	344.17M	385.86M	144.20M
Cash, Cash Equivalents and Short-Term Investments	219.31M	242.13M	257.16M	275.49M	54.50M
Total Debt	4.03M	6.68M	7.26M	3.45M	2.65M
Total Liabilities	15.44M	16.92M	22.38M	16.88M	34.38M
Stockholders Equity	259.59M	279.84M	318.93M	363.74M	103.13M
Cash Flow
Free Cash Flow	-22.55M	-21.80M	-9.77M	-21.49M	-38.59M
Operating Cash Flow	-17.61M	-11.65M	4.30M	-12.97M	-15.83M
Investing Cash Flow	-9.89M	2.75M	6.61M	-6.51M	-63.18M
Financing Cash Flow	0.00	0.00	-20.00K	247.18M	92.06M

Ebang International Holdings Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 3.90
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Negative
• MACD: Positive
• 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 3.9 is below the 20-day moving average (MA) of 4.31, below the 50-day MA of 4.01, and below the 200-day MA of 5.05, indicating a bearish trend. The MACD of -0.05 indicates Positive momentum. The RSI at 41.79 is Neutral, neither overbought nor oversold. The STOCH value of 44.03 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
Sector *	61 Neutral	$36.28B	7.09	-7.27%	1.97%	7.76%	-8.56%
SSYS	50 Neutral	$955.55M	―	-11.22%	―	-6.00%	17.87%
MKFG	49 Neutral	$98.34M	―	-68.97%	―	-9.27%	19.30%
DDD	48 Neutral	$268.05M	―	-46.51%	―	-9.11%	58.95%
NNDM	48 Neutral	$299.85M	―	-9.62%	―	7.35%	16.59%
CAN	44 Neutral	$229.54M	―	-90.43%	―	65.68%	50.28%
EBON	41 Neutral	$25.52M	―	-7.51%	―	20.88%	―