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Elong Power Holding Limited Announces Effective Date of Reverse Stock Split
PRNewswire (Tue, 23-Dec 7:30 AM ET)
Elong Power Holding Ltd is engaged in research and development, manufacturing, sales, and service of high-power lithium-ion batteries for electric vehicles and construction machinery, as well as large-capacity, long-cycle lithium-ion batteries for energy storage systems. The company has a comprehensive product and technology system that includes battery cells, modules, system integration, and battery management system (BMS) development, based on high-power lithium-ion batteries and battery system products for long-cycle energy storage devices. Its product portfolio includes products utilizing lithium manganese oxide and lithium iron phosphate, among others, to meet the needs of high-power applications and energy storage applications in various scenarios.
Elong Power Holding Limited - Class A trades on the NASDAQ stock market under the symbol ELPW.
As of January 13, 2026, ELPW stock price declined to $1.93 with 5,902 million shares trading.
ELPW has a beta of -0.33, meaning it tends to be less sensitive to market movements. ELPW has a correlation of 0.00 to the broad based SPY ETF.
ELPW has a market cap of $8.09 million. This is considered a Sub-Micro Cap stock.
ELPW has outperformed the market in the last year with a return of +75.5%, while the SPY ETF gained +20.9%. In the last 3 month period, ELPW beat the market returning +440.5%, while SPY returned +6.6%. However, in the most recent 2 weeks ELPW has underperformed the stock market by returning -7.7%, while SPY returned +0.9%.
ELPW support price is $1.89 and resistance is $2.35 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ELPW shares will trade within this expected range on the day.
