The stock price of the secondary battery corporation Ecopro BM recorded its lowest price in a year on the morning of this day. The sell-off pressure is interpreted to have increased due to the evaluation by the securities industry that the corporation's valuation remains high.

Courtesy of ECOPRO BM.
Courtesy of ECOPRO BM.

As of 10:14 a.m. on the 2nd, Ecopro BM is trading at 90,700 won, down 5,000 won (5.22%) from the previous day's closing price on the KOSDAQ market. It traded at 90,600 won during the session, setting a new lowest price of the year.

It seems that sell-off pressure has increased due to the securities industry's outlook that the upside potential for Ecopro BM's stock price is limited.

Jung Won-seok, a research institute of iM Securities, noted, "Ecopro BM has the highest valuation in the global secondary battery cell and material sector, so the potential for stock price increases will be limited for the time being." He also maintained the investment opinion of 'neutral (hold)' and adjusted the target price down from 110,000 won to 90,000 won.

Additionally, it is expected that an unfavorable environment for secondary battery corporations will continue due to uncertainties in U.S. policy and intensified competition with Chinese companies in the European electric vehicle battery market.

Ecopro BM's stock price has fallen for four consecutive trading days until the previous day, dropping more than 14% during this period.