Elong Power Stock Plunges 11.69% Amid Earnings Concerns

On August 20, 2025, Elong Power's stock experienced a significant drop of 11.69% in pre-market trading, raising concerns among investors about the company's recent performance and future prospects.

Elong Power, a company specializing in high-power lithium-ion batteries for electric vehicles and energy storage systems, has been under scrutiny due to its financial performance. The company reported a net loss of $7.45 million, which has raised questions about its profitability and sustainability. This financial struggle has contributed to the recent decline in its stock price.

Institutional investors hold a significant portion of Elong Power's shares, indicating confidence in the company's long-term growth potential. However, the lack of analyst ratings and target prices for Elong Power suggests a lack of consensus among financial experts regarding its future performance. This uncertainty has likely contributed to the volatility in its stock price.

Elong Power's beta of -2.9 indicates that its stock price is less volatile than the broader market, which could be seen as a positive sign for risk-averse investors. However, the company's lack of profitability and earnings per share data raises concerns about its ability to generate returns for shareholders in the near term.