Top Wealth Group Holding Ltd (NASDAQ: TWG) – Time For Strategy Change?

Top Wealth Group Holding Ltd (NASDAQ:TWG) currently has a daily average trading volume of 7.44M but it saw 6143403 shares traded in last market. With a market cap of 12.25M USD, the company’s current market price of $0.42 came falling about -4.78 while comparing to the previous closing price of $0.44. In past 52 weeks, the stock remained buoying in the range of price level as high as $13.50 and as low as $0.43. In the recent trading on the day, stock has struck highest price mark of $0.3902 while lowest mark touched by it was $0.44.

Taking a look at 20-day trading activity of Top Wealth Group Holding Ltd (TWG) gives us an average price of $4.1320, while its current price level is -96.87% below from 52-week high level whereas it is -0.59% 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 $2.4901. A closer look into the stock’s movement over the week reveals that its volatility is standing at 10.01% during that period while stretching the period over a month that increases to 99.82%. 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 41.14 which implies that the stock is in neutral territory.

Over the week, TWG’s stock price is moving -11.98% down while it is -80.26% when we observe its performance for the past one month. Year-to-date it is -78.22% down and over the past year.

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