KWESST Micro Systems Inc. (NASDAQ:KWE) price on Friday, October 25, rose 17.33% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $1.76.
A look at the stock’s price movement, the close in the last trading session was $1.50, moving within a range at $1.56 and $2.5. The beta value (5-Year monthly) was 0.425. Turning to its 52-week performance, $16.73 and $1.15 were the 52-week high and 52-week low respectively. Overall, KWE moved 7.98% over the past month.
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KWESST Micro Systems Inc.’s market cap currently stands at around $2.78 million, with investors looking forward to this quarter’s earnings report slated for in November.
Analysts have a consensus estimate of 1.5M for the company’s revenue for the quarter, with a low and high estimate of 1.5M and 1.5M respectively. The average forecast suggests up to a 837.50% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 2.43M, representing a 90.40% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that KWE is a Hold. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
KWE’s current price about 12.07% and 15.25% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 52.85, while 7-day volatility ratio is 50.51% and 18.22% in the 30-day chart. Further, KWESST Micro Systems Inc. (KWE) has a beta value of 1.59, and an average true range (ATR) of 0.37.
If we refocus on KWESST Micro Systems Inc. (NASDAQ:KWE), historical trading data shows that trading volumes averaged 0.79 over the past 10 days and 182.82K over the past 3 months. The company’s latest data on shares outstanding shows there are 1.58 million shares.
The 0.00% of KWESST Micro Systems Inc.’s shares are in the hands of company insiders while institutional holders own 8.40% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 24164.0 on 2024-09-30, giving us a short ratio of 0.93. The data shows that as of 2024-09-30 short interest in KWESST Micro Systems Inc. (KWE) stood at 155.0 of shares outstanding, with shares short rising to 14653.0 registered in 2024-08-30. Current price change has pushed the stock -80.44% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the KWE stock continues to rise going into the next quarter.
