Paranovus Entertainment Technology Stock Scheduled to Reverse Split on Tuesday, March 31st (NASDAQ:PAVS)

Paranovus Entertainment Technology Ltd. (NASDAQ:PAVS) shares are scheduled to reverse split before the market opens on Tuesday, March 31st. The 1-12 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Monday, March 30th.

Paranovus Entertainment Technology Price Performance

Shares of PAVS traded down $0.05 during mid-day trading on Friday, hitting $0.20. 4,237,263 shares of the company traded hands, compared to its average volume of 31,439,382. The business has a 50-day moving average of $1.20 and a 200 day moving average of $32.52. Paranovus Entertainment Technology has a one year low of $0.19 and a one year high of $140.00.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on PAVS. Wall Street Zen lowered Paranovus Entertainment Technology from a “hold” rating to a “sell” rating in a research report on Saturday, February 28th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Paranovus Entertainment Technology in a research note on Wednesday, December 24th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Paranovus Entertainment Technology Company Profile

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.