PWM has 36-month beta value of 3.74.
The public float for PWM is 0.35M, and currently, short sellers hold a 1.60% ratio of that float. The average trading volume of PWM on October 07, 2024 was 998.96K shares.
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PWM) stock’s latest price update
Prestige Wealth Inc (NASDAQ: PWM)’s stock price has dropped by -10.88 in relation to previous closing price of 0.91. Nevertheless, the company has seen a gain of 1.25% 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 1.25% in the past week, with a monthly rise of 6.71% and a quarterly drop of -9.18%. The volatility ratio for the week is 28.99% while the volatility levels for the last 30 days are 15.09% for Prestige Wealth Inc The simple moving average for the past 20 days is 0.03% for PWM’s stock, with a -32.21% simple moving average for the past 200 days.
PWM Trading at -2.66% 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 -84.19% of loss for the given period.
Volatility was left at 15.09%, however, over the last 30 days, the volatility rate increased by 28.99%, as shares surge +10.36% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.37% upper at present.
During the last 5 trading sessions, PWM rose by +1.25%, which changed the moving average for the period of 200-days by -62.45% in comparison to the 20-day moving average, which settled at $0.8146. In addition, Prestige Wealth Inc saw -61.38% 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 9.2. The receivables turnover for the company is 0.06for trailing twelve months and the total asset turnover is 0.05.
Conclusion
To put it simply, Prestige Wealth Inc (PWM) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating 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.
