The trading price of Top Wealth Group Holding Ltd (NASDAQ:TWG) floating lower at last check on current market day and closing at $0.31, -0.97% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it has been fluctuating between $0.2841 and $0.3138. In examining the 52-week price action we see that the stock hit a 52-week high of $13.50 and a 52-week low of $0.17. Over the past month, the stock has lost -96.04% in value.
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Top Wealth Group Holding Ltd, whose market valuation is $8.90 million at the time of this writing, is expected to release its quarterly earnings report in December. Investors’ optimism about the company’s current quarter earnings report is understandable.
A quick review shows that TWG’s price is currently -79.99% off the SMA20 and -87.11% off the SMA50. The RSI metric on the 14-day chart is currently showing 40.84, and weekly volatility stands at 41.09%. When measured over the past 30 days, the indicator reaches 91.66%. Top Wealth Group Holding Ltd (NASDAQ:TWG)’s beta value is currently sitting at 0, while the Average True Range indicator is currently displaying 0.77.
To see how Top Wealth Group Holding Ltd stock has been performing today in comparison to its peers in the industry, here are the numbers: TWG stock’s performance was -0.97% in the latest trading.
An evaluation of the daily trading volume of Top Wealth Group Holding Ltd (NASDAQ:TWG) indicates that the 3-month average is 8.91 million. However, this figure has increased over the past 10 days to an average of 9.81.
Currently, records show that 27.00 million of the company’s shares remain outstanding. The insiders hold 93.10% of outstanding shares, whereas institutions hold 0.28%. The stats also highlight that short interest as of 2024-10-31, stood at 0.86 million shares, resulting in a short ratio of 0.04 at that time. From this, we can conclude that short interest is 239.00 of the company’s total outstanding shares. It is noteworthy that short shares in October were up slightly from the previous month’s figure, which was 0.15 million. However, since the stock’s price has seen -84.18% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
