The stock price of KWESST Micro Systems Inc. (NASDAQ: KWE) has jumped by 7.85 compared to previous close of 0.54. Despite this, the company has seen a gain of 44.25% in its stock price over the last five trading days. newsfilecorp.com reported 2024-06-12 that Ottawa, Ontario–(Newsfile Corp. – June 12, 2024) – KWESST Micro Systems Inc. (NASDAQ: KWE) (NASDAQ: KWESW) (TSXV: KWE) (TSXV: KWE.WT.U) (“KWESST” or the “Company”), today announced the pricing of its best efforts public offering of 2,900,000 common shares at a public offering price of US$0.58 per share, for gross proceeds of approximately US$1,682,000, before deducting placement agent fees and offering expenses. All of the common shares are being offered by the Company.
Is It Worth Investing in KWESST Micro Systems Inc. (NASDAQ: KWE) Right Now?
The 36-month beta value for KWE is at 1.67. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for KWE is 3.72M, and currently, shorts hold a 2.15% of that float. The average trading volume for KWE on June 17, 2024 was 6.29M shares.
KWE’s Market Performance
KWE stock saw an increase of 44.25% in the past week, with a monthly gain of 44.25% and a quarterly increase of -55.62%. The volatility ratio for the week is 46.44%, and the volatility levels for the last 30 days are 22.44% for KWESST Micro Systems Inc. (KWE). The simple moving average for the past 20 days is 25.47% for KWE’s stock, with a -49.18% simple moving average for the past 200 days.
KWE Trading at -7.33% from the 50-Day Moving Average
After a stumble in the market that brought KWE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -85.01% of loss for the given period.
Volatility was left at 22.44%, however, over the last 30 days, the volatility rate increased by 46.44%, as shares surge +31.14% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -27.88% lower at present.
During the last 5 trading sessions, KWE rose by +44.25%, which changed the moving average for the period of 200-days by -66.72% in comparison to the 20-day moving average, which settled at $0.4667. In addition, KWESST Micro Systems Inc. saw -35.89% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for KWE
Current profitability levels for the company are sitting at:
- -9.45 for the present operating margin
- -0.39 for the gross margin
The net margin for KWESST Micro Systems Inc. stands at -7.16. The total capital return value is set at -5.97. Equity return is now at value -254.83, with -101.98 for asset returns.
Based on KWESST Micro Systems Inc. (KWE), the company’s capital structure generated 0.34 points at debt to capital in total, while cash flow to debt ratio is standing at -26.88. The debt to equity ratio resting at 0.52. The interest coverage ratio of the stock is -54.99.
Currently, EBITDA for the company is -13.08 million with net debt to EBITDA at -0.01. When we switch over and look at the enterprise to sales, we see a ratio of 2.43. The receivables turnover for the company is 2.44for trailing twelve months and the total asset turnover is 0.21. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.49.
Conclusion
In conclusion, KWESST Micro Systems Inc. (KWE) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. 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.
