Top Wealth Group Holding Ltd. (TWG) Crosses $7.10: At This Price, The Risk Seems Worthwhile.

Top Wealth Group Holding Ltd. (NASDAQ:TWG) concluded the trading at $7.10 on current market day with a rise of 2.90% from its closing price on previous day.

Taking a look at stock we notice that its last check on previous day was $6.90 with its price kept floating in the range of $5.35 and $8.75 on the day. Considering stock’s 52-week price range provides that TWG hit a high price of $8.60 and saw its price falling to a low level of $0.65 during that period. Over a period of past 1-month, stock came adding 401.41% in its value.

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Digging deeper we become aware of the PEG ratio of the TWG stock which is currently positioned at 0. It further provides that stock’s current price level is 131.16% away from its 20-day simple moving average and is 297.19% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 73.21 while volatility remained at 46.77% over the past week which changes to 34.57% when measuring it over the past month. Average true range or ATR is currently at 1.25.

Having a second look at Top Wealth Group Holding Ltd. (NASDAQ:TWG) provides that stock’s average daily trading volume for 3 months was 2.93 million, while it jumped to 18019810 when we calculate an average volume for past 10 days. Number of outstanding shares of the stock stood at 27.00 million.

The percentage of outstanding shares held by the insiders is 93.10% while it is 0.26% for the institutional holders. The figures also indicate that as of 2024-09-30, number of stock’s short shares was 0.15 million which implies a short ratio of 0.6. This shows up a 167.00 of Short Interest in company’s outstanding shares on the day. In September the standing of shares short improved as it was 0.1 million in the previous month. Addition of 265.98% by stock’s current price to its year-to-date value in last trading session is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.

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