Marwynn Holdings Inc (NASDAQ:MWYN) shares, rose in value on Friday, May 30, with the stock price up by 5.62% to the previous day’s close as strong demand from buyers drove the stock to $9.96.
Actively observing the price movement in the last trading, the stock closed the session at $9.43. Referring to stock’s 52-week performance, its high was $11.20, and the low was $2.25. On the whole, MWYN has fluctuated by 200.91% over the past month.
With the market capitalization of Marwynn Holdings Inc currently standing at about $169.82 million, investors are eagerly awaiting this quarter’s results, scheduled for in June.
The stock’s technical analysis shows that the price of MWYN currently trading nearly 37.93% and 84.41% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 73.00, while the 7-day volatility ratio is showing 4.98% which for the 30-day chart, stands at 9.94%. Furthermore, Marwynn Holdings Inc (MWYN)’s average true range (ATR) is 0.99.
Data on historical trading for Marwynn Holdings Inc (NASDAQ:MWYN) indicates that the trading volumes over the past 3 months, they’ve averaged 976.29K. According to company’s latest data on outstanding shares, there are 17.05 million shares outstanding.
Nearly 88.04% of Marwynn Holdings Inc’s shares belong to company insiders and institutional investors own 1.10% of the company’s shares. The stock has risen by 131.63% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the MWYN stock heading into the next quarter.
