There Is A Lot Of Upside Potential For Top Wealth Group Holding Ltd.(NASDAQ: TWG)

Top Wealth Group Holding Ltd. (NASDAQ:TWG) price on Friday, October 25, fall -96.00% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $0.54.

A look at the stock’s price movement, the close in the last trading session was $13.50, moving within a range at $0.5194 and $7.88. Turning to its 52-week performance, $13.50 and $0.65 were the 52-week high and 52-week low respectively. Overall, TWG moved -72.61% over the past month.

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Top Wealth Group Holding Ltd.’s market cap currently stands at around $15.65 million, with investors looking forward to this quarter’s earnings report slated for in November.

TWG’s current price about -88.44% and -78.69% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 41.27, while 7-day volatility ratio is 313.11% and 100.79% in the 30-day chart. Further, Top Wealth Group Holding Ltd. (TWG) has a beta value of 0, and an average true range (ATR) of 2.52.

If we refocus on Top Wealth Group Holding Ltd. (NASDAQ:TWG), historical trading data shows that trading volumes averaged 18.47 over the past 10 days and 3.05 million over the past 3 months. The company’s latest data on shares outstanding shows there are 27.00 million shares.

The 93.10% of Top Wealth Group Holding Ltd.’s shares are in the hands of company insiders while institutional holders own 0.26% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 0.15 million on 2024-09-30, giving us a short ratio of 0.6. The data shows that as of 2024-09-30 short interest in Top Wealth Group Holding Ltd. (TWG) stood at 167.0 of shares outstanding, with shares short rising to 0.1 million registered in 2024-08-30. Current price change has pushed the stock -72.19% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the TWG stock continues to rise going into the next quarter.

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