Powell Max Ltd (PMAX): Are Investors Missing The Big Picture?

Powell Max Ltd (NASDAQ:PMAX) does about 4.11M shares in volume on a normal day but saw 6686178 shares change hands in the recent trading day. The company now has a market cap of 4.74M USD. Its current market price is $0.32, marking an increase of 14.25% compared to the previous close of $0.28. The 52 week high reached by this stock is $4.70 whilst the lowest price level in 52 weeks is $0.28.

Powell Max Ltd (PMAX) has a 20-day trading average at $0.4052 and the current price is -93.11% off the 52-week high compared with 14.45% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.7335. If we look at the stock’s price movements over the week, volatility stands at 13.28%, which increases to 16.28% 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 33.71 to suggest the stock is neutral.

The current price level is -20.03%, -55.83%, and -85.64% away from its SMA20, SMA50, and SMA200 respectively, with the PMAX price moving above the 50-day SMA on current market day. Powell Max Ltd (PMAX) stock is down -15.18% over the week and -22.58% over the past month. Its price is -84.64% year-to-date.

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

Outstanding shares total 12.52M with insiders holding 76.03% of the shares and institutional holders owning 0.00% of the company’s common stock. The price to earnings ratio (P/E ratio) amounts to 8.78. Price to sales ratio is 0.80.