KWESST Micro Systems Inc. (KWE) Down -93.43% From Its 52-Week High, But Growth Potential Is Changing Over Time

KWESST Micro Systems Inc. (NASDAQ:KWE) currently has a daily average trading volume of 6.97M but it saw 1663812 shares traded in last market. With a market cap of 1.49M USD, the company’s current market price of $0.13 came falling about -2.12 while comparing to the previous closing price of $0.14. In past 52 weeks, the stock remained buoying in the range of price level as high as $2.04 and as low as $0.13. In the recent trading on the day, stock has struck highest price mark of $0.126 while lowest mark touched by it was $0.14.

Taking a look at 20-day trading activity of KWESST Micro Systems Inc. (KWE) gives us an average price of $0.2708, while its current price level is -93.43% below from 52-week high level whereas it is 2.76% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $0.3874 while that of 200 days or SMA-200 reads an average of $0.8546. A closer look into the stock’s movement over the week reveals that its volatility is standing at 18.17% during that period while stretching the period over a month that decreases to 14.59%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 26.56 which implies that the stock is in oversold territory.

Over the week, KWE’s stock price is moving -44.88% down while it is -68.67% when we observe its performance for the past one month. Year-to-date it is -85.10% down and over the past year, the stock is showing a downside performance of -92.85%.

The latest quarterly earnings report issued by the company reported quarterly earnings per share (EPS) of -0.06 beaten by the consensus estimate of -0.04 for the same. The company is expected to be releasing its next quarterly report in September, for which analysts forecasted an EPS of -0.03 while estimate for next year EPS is -0.2. In next quarter, company is expected to be making quarterly sales of $2M as analysts are expecting the sales for current fiscal year at $2.43M and seeing the company making $18M in sales next year. Moreover, analysts are in estimates of $1.5M for current-quarter revenue.

Currently, KWESST Micro Systems Inc.’s total number of outstanding shares is 11.08M. Company’s return on investment (ROI) stands at -1048.88% and return on equity (ROE) at -254.83%. Stock’s beta reads 1.72. Stock has a price to book (P/B) ratio of 1.54 while price to sale or P/S ratio amounts to 1.46. Its return on asset (ROA) is -101.98% on average.