In the past week, SWIN stock has gone up by 17.44%, with a monthly gain of 117.07% and a quarterly surge of 112.67%. The volatility ratio for the week is 13.64%, and the volatility levels for the last 30 days are 17.34% for Solowin Holdings The simple moving average for the past 20 days is 43.35% for SWIN’s stock, with a 121.40% simple moving average for the past 200 days.
Is It Worth Investing in Solowin Holdings (NASDAQ: SWIN) Right Now?
Analysts have varying opinions on the stock, with 10 analysts rating it as a “buy,” 5 as “overweight,” 6 as “hold,” and 0 as “sell.”
The public float for SWIN is 2.50M and currently, short sellers hold a 9.63% of that float. On April 29, 2024, SWIN’s average trading volume was 462.49K shares.
SWIN) stock’s latest price update
The stock price of Solowin Holdings (NASDAQ: SWIN) has jumped by 11.71 compared to previous close of 11.27. Despite this, the company has seen a gain of 17.44% in its stock price over the last five trading days. GlobeNewsWire reported 2024-02-01 that Showcasing its Virtual Asset Business HONG KONG, Feb. 01, 2024 (GLOBE NEWSWIRE) — SOLOWIN HOLDINGS (Nasdaq: SWIN) (“SOLOWIN” or the “Company”), one of the few Chinese investor-focused and versatile securities brokerage companies based in Hong Kong, debuted in two recent major investment conferences by delivering compelling presentations and engaging in one-on-one meetings with investors at the Sequire Investor Summit, in San Juan, Puerto Ric, from January 23 to 25, 2024, and The Microcap Conference, in Atlantic City, New Jersey from January 30 to February 1, 2024. During the conferences, the Company highlighted the recent development of its virtual asset business.
SWIN Trading at 10.27% from the 50-Day Moving Average
After a stumble in the market that brought SWIN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -82.65% of loss for the given period.
Volatility was left at 17.34%, however, over the last 30 days, the volatility rate increased by 13.64%, as shares surge +102.41% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +91.92% upper at present.
During the last 5 trading sessions, SWIN rose by +17.44%, in comparison to the 20-day moving average, which settled at $9.10. In addition, Solowin Holdings saw 321.07% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for SWIN
Current profitability levels for the company are sitting at:
- 0.49 for the present operating margin
- 1.0 for the gross margin
The net margin for Solowin Holdings stands at 0.47. The total capital return value is set at 0.17.
Currently, EBITDA for the company is 1.36 million with net debt to EBITDA at -708.56. When we switch over and look at the enterprise to sales, we see a ratio of 29.72.
Conclusion
To wrap up, the performance of Solowin Holdings (SWIN) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
