K Wave Media Ltd (KWM) Should Be Considered Now, Despite A Loss Of -82.24% From High

K Wave Media Ltd (NASDAQ:KWM) concluded the trading at $3.71 on Friday, June 27 with a fall of -5.12% from its closing price on previous day.

Taking a look at stock we notice that its last check on previous day was $3.91 with its price kept floating in the range of $3.65 and $4.02 on the day. Considering stock’s 52-week price range provides that KWM hit a high price of $20.89 and saw its price falling to a low level of $1.52 during that period. Over a period of past 1-month, stock came adding 120.18% in its value.

Digging deeper we become aware of the PEG ratio of the KWM stock which is currently positioned at 0. It further provides that stock’s current price level is -8.37% away from its 20-day simple moving average and is -23.88% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 47.22 while volatility remained at 13.49% over the past week which changes to 32.22% when measuring it over the past month. Beta is valued at -0.71.

Having a second look at K Wave Media Ltd (NASDAQ:KWM) provides that stock’s average daily trading volume for 3 months was 3.05 million, while it jumped to 1597150 when we calculate an average volume for past 10 days. Number of outstanding shares of the stock stood at 0.99 million.

The percentage of outstanding shares held by the insiders is 85.93% while it is 8.88% for the institutional holders. In June the standing of shares short improved as it was 20865.0 in the previous month. Subtraction of -65.26% by stock’s current price to its year-to-date value in last trading session is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.

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