The Week Ahead: Are Investors Really Too Optimistic About KWESST Micro Systems Inc (NASDAQ: KWE)

KWESST Micro Systems Inc (NASDAQ:KWE) currently has a daily average trading volume of 1.81M but it saw 1903829 shares traded in last market. With a market cap of 1.05M USD, the company’s current market price of $0.63 came falling about -1.72 while comparing to the previous closing price of $0.64. In past 52 weeks, the stock remained buoying in the range of price level as high as $16.73 and as low as $0.53. In the recent trading on the day, stock has struck highest price mark of $0.5419 while lowest mark touched by it was $0.66.

Taking a look at 20-day trading activity of KWESST Micro Systems Inc (KWE) gives us an average price of $0.7138, while its current price level is -96.23% below from 52-week high level whereas it is 18.87% 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 $0.9562 while that of 200 days or SMA-200 reads an average of $3.9903. A closer look into the stock’s movement over the week reveals that its volatility is standing at 39.06% during that period while stretching the period over a month that decreases to 20.25%. 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 42.81 which implies that the stock is in neutral territory.

Over the week, KWE’s stock price is moving 3.28% up while it is -0.58% when we observe its performance for the past one month. Year-to-date it is -93.00% down and over the past year, the stock is showing a downside performance of -90.61%.

Currently, KWESST Micro Systems Inc’s total number of outstanding shares is 1.66M. Company’s return on investment (ROI) stands at -228.11% and return on equity (ROE) at -220.98%. Stock’s beta reads 1.60. Stock has a price to book (P/B) ratio of 0.30 while price to sale or P/S ratio amounts to 0.91. Its return on asset (ROA) is -84.15% on average.