Paranovus Entertainment Technology (NASDAQ:PAVS) Shares Up 18.8% – Here’s What Happened

Paranovus Entertainment Technology Ltd. (NASDAQ:PAVS)’s share price rose 18.8% during 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 trading, an increase of 1,148% from the average daily volume of 836,714 shares. The stock had previously closed at $1.33.

Analyst Upgrades and Downgrades

PAVS has been the topic of a number of analyst reports. Wall Street Zen upgraded Paranovus Entertainment Technology to a “hold” rating in a research report on Saturday, December 27th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Paranovus Entertainment Technology in a report on Wednesday, December 24th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Paranovus Entertainment Technology has a consensus rating of “Sell”.

Paranovus Entertainment Technology Trading Up 18.8%

The stock has a fifty day moving average of $9.66 and a two-hundred day moving average of $53.30.

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