Multi Ways Holdings Ltd (AMEX:MWG) price on current trading day, rose 2.16% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $0.46.
A look at the stock’s price movement, the close in the last trading session was $0.45, moving within a range at $0.425 and $0.495. Turning to its 52-week performance, $0.78 and $0.19 were the 52-week high and 52-week low respectively. Overall, MWG moved 24.16% over the past month.
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Multi Ways Holdings Ltd’s market cap currently stands at around $14.31 million, with investors looking forward to this quarter’s earnings report slated for in October.
Turning to the stock’s technical picture we see that short term indicators suggest on average that MWG is a 50% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
MWG’s current price about 5.34% and 2.93% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 53.17, while 7-day volatility ratio is 14.18% and 13.92% in the 30-day chart. Further, Multi Ways Holdings Ltd (MWG) has a beta value of 1.26, and an average true range (ATR) of 0.06.
If we refocus on Multi Ways Holdings Ltd (AMEX:MWG), historical trading data shows that trading volumes averaged 0.34 over the past 10 days and 843.66K over the past 3 months. The company’s latest data on shares outstanding shows there are 30.84 million shares.
The 72.26% of Multi Ways Holdings Ltd’s shares are in the hands of company insiders while institutional holders own 0.17% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 0.24 million on 2024-08-30, giving us a short ratio of 0.51. The data shows that as of 2024-08-30 short interest in Multi Ways Holdings Ltd (MWG) stood at 197.0 of shares outstanding, with shares short rising to 58590.0 registered in 2024-07-31. Current price change has pushed the stock 106.50% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the MWG stock continues to rise going into the next quarter.
