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Solowin Holdings (NASDAQ:SWIN) Is Down -62.22% Year To Date; Analysts Say It Will Rally

Solowin Holdings (NASDAQ:SWIN) price is hovering higher on Tuesday, September 19, jumping 10.44% above its previous close.

A look at today’s price movement shows that the recent level at last check reads $2.08, with intraday deals fluctuating between $2.06 and $2.29. The company’s P/E ratio in the trailing 12-month period read 23.93. Taking into account the 52-week price action we note that the stock hit a 52-week high of $12.74 and 52-week low of $2.06.

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Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews.

The overview shows that SWIN’s price is at present -32.36% off the SMA20 and -32.36% from the SMA50. The weekly volatility standing at 14.34%. Solowin Holdings (NASDAQ:SWIN)’s beta value is holding at 0, while the average true range (ATR) indicator is currently reading 1.64.

An analysis of the Solowin Holdings (NASDAQ:SWIN) stock in terms of its daily trading volume indicates that the 3-month average is 3.06 million. However, this figure increases on the past 10-day timeline to an average of 3.06 million.

Current records show that the company has 14.00M in outstanding shares. But the -62.22% downside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.