Are Analysts Too Bullish On Top Wealth Group Holding Ltd. (TWG)

Top Wealth Group Holding Ltd. (NASDAQ:TWG) currently has a daily average trading volume of 7.06M but it saw 10061196 shares traded in last market. With a market cap of 13.92M USD, the company’s current market price of $0.48 came falling about -21.32 while comparing to the previous closing price of $0.61. In past 52 weeks, the stock remained buoying in the range of price level as high as $13.50 and as low as $0.52. In the recent trading on the day, stock has struck highest price mark of $0.4657 while lowest mark touched by it was $0.6101.

Taking a look at 20-day trading activity of Top Wealth Group Holding Ltd. (TWG) gives us an average price of $4.4947, while its current price level is -96.44% below from 52-week high level whereas it is -7.59% 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 $2.5217. A closer look into the stock’s movement over the week reveals that its volatility is standing at 309.38% during that period while stretching the period over a month that decreases to 101.85%. 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 41.25 which implies that the stock is in neutral territory.

Over the week, TWG’s stock price is moving -94.95% down while it is -72.57% when we observe its performance for the past one month. Year-to-date it is -75.26% down and over the past year.

Currently, Top Wealth Group Holding Ltd.’s total number of outstanding shares is 27.00M.