The trading price of K Wave Media Ltd (NASDAQ:KWM) closed higher on Tuesday, June 17, and closing at $4.64, 12.62% higher than its previous close.
In examining the 52-week price action we see that the stock hit a 52-week high of $20.89 and a 52-week low of $1.52. Over the past month, the stock has gained 128.57% in value.
K Wave Media Ltd, whose market valuation is $293.46 million at the time of this writing, is expected to release its quarterly earnings report in July. Investors’ optimism about the company’s current quarter earnings report is understandable.
A quick review shows that KWM’s price is currently 42.17% off the SMA20 and -14.64% off the SMA50. The RSI metric on the 14-day chart is currently showing 51.50, and weekly volatility stands at 45.33%. When measured over the past 30 days, the indicator reaches 30.25%. K Wave Media Ltd (NASDAQ:KWM)’s beta value is currently sitting at -1.24, while the Average True Range indicator is currently displaying 1.47.
To see how K Wave Media Ltd stock has been performing in comparison to its peers in the industry, here are the numbers: KWM stock’s performance was 12.62% in the latest trading, and -56.55% in the past year.
An evaluation of the daily trading volume of K Wave Media Ltd (NASDAQ:KWM) indicates that the 3-month average is 3.00 million.
Currently, records show that 0.99 million of the company’s shares remain outstanding. The insiders hold 85.93% of outstanding shares, whereas institutions hold 8.88%. However, since the stock’s price has seen -61.33% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
