The trading price of Marwynn Holdings Inc (NASDAQ:MWYN) closed higher on Tuesday, May 27, and closing at $9.57, 7.89% higher than its previous close.
In examining the 52-week price action we see that the stock hit a 52-week high of $11.20 and a 52-week low of $2.25. Over the past month, the stock has gained 140.45% in value.
Marwynn Holdings Inc, whose market valuation is $163.17 million at the time of this writing, is expected to release its quarterly earnings report in June. Investors’ optimism about the company’s current quarter earnings report is understandable.
A quick review shows that MWYN’s price is currently 53.44% off the SMA20 and 88.35% off the SMA50. The RSI metric on the 14-day chart is currently showing 74.00, and weekly volatility stands at 14.50%. When measured over the past 30 days, the indicator reaches 12.36%. Marwynn Holdings Inc (NASDAQ:MWYN)’s beta value is currently sitting at 0, while the Average True Range indicator is currently displaying 1.08.
To see how Marwynn Holdings Inc stock has been performing in comparison to its peers in the industry, here are the numbers: MWYN stock’s performance was 7.89% in the latest trading.
An evaluation of the daily trading volume of Marwynn Holdings Inc (NASDAQ:MWYN) indicates that the 3-month average is 927.35K.
Currently, records show that 17.05 million of the company’s shares remain outstanding. The insiders hold 88.04% of outstanding shares, whereas institutions hold 1.10%. However, since the stock’s price has seen 122.56% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
