K Wave Media Ltd (NASDAQ:KWM) shares, rose in value on Friday, June 20, with the stock price down by -3.03% to the previous day’s close as strong demand from buyers drove the stock to $4.16.
Actively observing the price movement in the last trading, the stock closed the session at $4.29. Referring to stock’s 52-week performance, its high was $20.89, and the low was $1.52. On the whole, KWM has fluctuated by 137.71% over the past month.
With the market capitalization of K Wave Media Ltd currently standing at about $263.11 million, investors are eagerly awaiting this quarter’s results, scheduled for in July.
The stock’s technical analysis shows that the price of KWM currently trading nearly 18.46% and -21.97% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 49.36, while the 7-day volatility ratio is showing 19.32% which for the 30-day chart, stands at 30.28%. Furthermore, K Wave Media Ltd (KWM)’s beta value is -1.54, and its average true range (ATR) is 1.39.
A comparison of K Wave Media Ltd (KWM) with its peers suggests the former has fared considerably weaker in the market. KWM showed an intraday change of -3.03% in last session, and over the past year, it shrunk by -61.01%%.
Data on historical trading for K Wave Media Ltd (NASDAQ:KWM) indicates that the trading volumes over the past 3 months, they’ve averaged 2.99 million. According to company’s latest data on outstanding shares, there are 0.99 million shares outstanding.
Nearly 85.93% of K Wave Media Ltd’s shares belong to company insiders and institutional investors own 8.88% of the company’s shares. The stock has fallen by -65.33% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the KWM stock heading into the next quarter.
