Prestige Wealth Inc (PWM): Are Investors Missing The Big Picture?

Prestige Wealth Inc (NASDAQ:PWM) does about 500.56K shares in volume on a normal day but saw 1356442 shares change hands in the recent trading day. The company now has a market cap of 7.83M USD. Its current market price is $1.70, marking an increase of 14.86% compared to the previous close of $1.48. The 52 week high reached by this stock is $2.95 whilst the lowest price level in 52 weeks is $0.67.

Prestige Wealth Inc (PWM) has a 20-day trading average at $1.2295 and the current price is -42.37% off the 52-week high compared with 154.53% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.0120 and its 200-day simple moving average is $1.0155. If we look at the stock’s price movements over the week, volatility stands at 27.14%, which decreases to 19.57% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 67.31 to suggest the stock is neutral.

The current price level is 38.27%, 67.99%, and 67.40% away from its SMA20, SMA50, and SMA200 respectively, with the PWM price moving below the 50-day SMA on current market day. Prestige Wealth Inc (PWM) stock is up 10.39% over the week and 57.41% over the past month. Its price is -19.05% year-to-date and -34.62% over the past year.

The company’s next earnings report forecasts estimating quarterly EPS at 0 and 0 for whole year.

Outstanding shares total 9.15M with insiders holding 66.53% of the shares and institutional holders owning 0.62% of the company’s common stock. The beta has a value of 3.29.