Why is Waterbase falling/rising?

As of 04-Jul, Waterbase Ltd's stock price is currently at 52.75, reflecting a slight increase of 0.18 or 0.34%. The stock has shown a trend reversal by gaining after four consecutive days of decline, outperforming its sector by 1.57% today. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has decreased by 1.33%, and it has significantly underperformed the benchmark over the last year with a return of -35.91%. The company's financial health is concerning, with operating losses and a weak ability to service its debt, indicated by a poor EBIT to Interest ratio of -2.62. Additionally, the company has reported a negative EBITDA and a substantial drop in profitability, with a return on equity of only 0.63%.
In the broader market context, while the Sensex has gained 3.01% over the past month, Waterbase has declined by 3.07%, highlighting its underperformance relative to the market. The stock's liquidity appears adequate for trading, but the consistent underperformance against the benchmark over the last three years raises concerns for investors. The significant drop in profits by 73.6% over the past year further exacerbates the stock's risk profile, making it a risky investment compared to its historical valuations.