With 15.79M Outstanding Shares, Can KWESST Micro Systems Inc. (NASDAQ: KWE) Deliver Big Short-Term Gains?

KWESST Micro Systems Inc. (NASDAQ:KWE) currently has a daily average trading volume of 7.09M but it saw 693859 shares traded in last market. With a market cap of 2.53M USD, the company’s current market price of $0.16 came rising about 9.36 while comparing to the previous closing price of $0.15. In past 52 weeks, the stock remained buoying in the range of price level as high as $1.95 and as low as $0.13. In the recent trading on the day, stock has struck highest price mark of $0.1382 while lowest mark touched by it was $0.1638.

Taking a look at 20-day trading activity of KWESST Micro Systems Inc. (KWE) gives us an average price of $0.1568, while its current price level is -91.79% below from 52-week high level whereas it is 27.49% 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 $0.2740 while that of 200 days or SMA-200 reads an average of $0.7806. A closer look into the stock’s movement over the week reveals that its volatility is standing at 10.52% during that period while stretching the period over a month that increases to 13.99%. 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 39.51 which implies that the stock is in neutral territory.

Over the week, KWE’s stock price is moving 19.05% up while it is -35.33% when we observe its performance for the past one month. Year-to-date it is -82.22% down and over the past year, the stock is showing a downside performance of -91.33%.

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 October, 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 15.79M. Company’s return on investment (ROI) stands at -228.11% and return on equity (ROE) at -220.98%. Stock’s beta reads 1.54. Stock has a price to book (P/B) ratio of 0.77 while price to sale or P/S ratio amounts to 2.20. Its return on asset (ROA) is -84.15% on average.