Meiwu Technology Company Ltd (NASDAQ:WNW) shares, rose in value on Thursday, January 23, with the stock price down by -10.35% to the previous day’s close as strong demand from buyers drove the stock to $0.20.
Actively observing the price movement in the last trading, the stock closed the session at $0.23, falling within a range of $0.2013 and $0.239. The value of beta (5-year monthly) was 1.175. Referring to stock’s 52-week performance, its high was $11.11, and the low was $0.22. On the whole, WNW has fluctuated by -88.32% over the past month.
With the market capitalization of Meiwu Technology Company Ltd currently standing at about $12.95 million, investors are eagerly awaiting this quarter’s results, scheduled for in February.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that WNW’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the price of WNW currently trading nearly -88.64% and -85.25% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 31.01, while the 7-day volatility ratio is showing 27.85% which for the 30-day chart, stands at 39.66%. Furthermore, Meiwu Technology Company Ltd (WNW)’s beta value is 0.68, and its average true range (ATR) is 0.42.
A comparison of Meiwu Technology Company Ltd (WNW) with its peers suggests the former has fared considerably weaker in the market. WNW showed an intraday change of -10.35% in last session, and over the past year, it shrunk by -96.77%%.
Data on historical trading for Meiwu Technology Company Ltd (NASDAQ:WNW) indicates that the trading volumes over the past 10 days have averaged 11.96 and over the past 3 months, they’ve averaged 2.87 million. According to company’s latest data on outstanding shares, there are 63.36 million shares outstanding.
Nearly 3.78% of Meiwu Technology Company Ltd’s shares belong to company insiders and institutional investors own 0.06% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 68948.0 shares as on 2024-10-31, resulting in a short ratio of 0.69. According to the data, the short interest in Meiwu Technology Company Ltd (WNW) stood at 21.00 of shares outstanding as of 2024-10-31; the number of short shares registered in 2024-09-30 reached 75510.0. The stock has fallen by -90.17% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the WNW stock heading into the next quarter.
