The 36-month beta value for PWM is also noteworthy at 4.13.
The public float for PWM is 1.25M, and at present, short sellers hold a 2.65% of that float. The average trading volume of PWM on August 26, 2024 was 97.90K shares.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
PWM) stock’s latest price update
The stock price of Prestige Wealth Inc (NASDAQ: PWM) has jumped by 67.11 compared to previous close of 0.75. Despite this, the company has seen a gain of 65.88% in its stock price over the last five trading days. globenewswire.com reported 2024-08-23 that HONG KONG, Aug. 23, 2024 (GLOBE NEWSWIRE) — Prestige Wealth Inc. (NASDAQ: PWM) (“PWM”, or the “Company”), a wealth management and asset management services provider based in Hong Kong, today announced that, on August 20, 2024, it entered into a definitive acquisition agreement pursuant to which PWM will purchase all shares of SPW Global Inc, a company incorporated under the laws of the British Virgin Islands, which in turn wholly owns Wealth AI PTE LTD. or Wealth AI, a company incorporated under the laws of Republic of Singapore. The total purchase price is US$4,500,000, subject to customary closing purchase price adjustments, with US$3 million being paid in cash and the remaining US$1.5 million being settled in the form of 1,900,000 class A ordinary shares and 500,000 class B ordinary shares of the Company issuable to the seller and key employees of Wealth AI. In addition, key employees will be retained and continue to be employed by Wealth AI after closing of the transaction. The acquisition agreement also includes a third-year period non-competition and non-solicitation covenants from the seller parties. The transaction is expected to close in the fourth quarter of 2024 and will enhance PWM’s technology strength in artificial intelligence space and facilitate PWM’s development of next-generation AI-driven wealth management solutions for its clients.
PWM’s Market Performance
PWM’s stock has risen by 65.88% in the past week, with a monthly rise of 62.79% and a quarterly rise of 26.00%. The volatility ratio for the week is 7.42% while the volatility levels for the last 30 days are 8.60% for Prestige Wealth Inc The simple moving average for the last 20 days is 68.29% for PWM’s stock, with a simple moving average of -7.53% for the last 200 days.
PWM Trading at 55.22% from the 50-Day Moving Average
After a stumble in the market that brought PWM to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -83.13% of loss for the given period.
Volatility was left at 8.60%, however, over the last 30 days, the volatility rate increased by 7.42%, as shares surge +51.37% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +44.32% upper at present.
During the last 5 trading sessions, PWM rose by +67.19%, which changed the moving average for the period of 200-days by -50.00% in comparison to the 20-day moving average, which settled at $0.7703. In addition, Prestige Wealth Inc saw -40.00% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for PWM
Current profitability levels for the company are sitting at:
- -3.19 for the present operating margin
- 0.98 for the gross margin
The net margin for Prestige Wealth Inc stands at -2.97. The total capital return value is set at -0.18.
Based on Prestige Wealth Inc (PWM), the company’s capital structure generated 0.06 points at debt to capital in total, while cash flow to debt ratio is standing at -2.62.
Currently, EBITDA for the company is -1.05 million with net debt to EBITDA at 0.05. When we switch over and look at the enterprise to sales, we see a ratio of 32.61. The receivables turnover for the company is 0.06for trailing twelve months and the total asset turnover is 0.05.
Conclusion
In summary, Prestige Wealth Inc (PWM) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as 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.
