With 15.13M Outstanding Shares, Can Anew Medical Inc. (NASDAQ: WENA) Deliver Big Short-Term Gains?

Anew Medical Inc. (NASDAQ:WENA) currently has a daily average trading volume of 3.01M but it saw 17572529 shares traded in last market. With a market cap of 18.00M USD, the company’s current market price of $1.19 came rising about 15.53 while comparing to the previous closing price of $1.03. In past 52 weeks, the stock remained buoying in the range of price level as high as $13.10 and as low as $0.95. In the recent trading on the day, stock has struck highest price mark of $1.05 while lowest mark touched by it was $1.22.

Taking a look at 20-day trading activity of Anew Medical Inc. (WENA) gives us an average price of $1.2060, while its current price level is -90.92% below from 52-week high level whereas it is 25.50% 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 $2.1860 while that of 200 days or SMA-200 reads an average of $7.7547. A closer look into the stock’s movement over the week reveals that its volatility is standing at 12.25% during that period while stretching the period over a month that increases to 12.97%. 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 40.77 which implies that the stock is in neutral territory.

Over the week, WENA’s stock price is moving 19.00% up while it is -11.19% when we observe its performance for the past one month. Year-to-date it is -88.88% down and over the past year, the stock is showing a downside performance of -88.29%.

Currently, Anew Medical Inc.’s total number of outstanding shares is 15.13M with 21.74% of that held by the insiders while 12.21% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -8.34% and return on equity (ROE) at -0.80%. Stock’s beta reads 0.06. Its return on asset (ROA) is -0.65% on average.