The stock price of Solowin Holdings (NASDAQ: SWIN) has dropped by -12.91 compared to previous close of 3.33. Despite this, the company has seen a gain of 6.62% in its stock price over the last five trading days. globenewswire.com reported 2024-04-26 that HONG KONG, April 26, 2024 (GLOBE NEWSWIRE) — SOLOWIN HOLDINGS (Nasdaq: SWIN) (“SOLOWIN” or the “Company”), a securities brokerage company that offers comprehensive financial services primarily to Chinese investors, today announced that the Company, through its subsidiary, Solomon JFZ (Asia) Holdings Limited (“Solomon”), strengthened the partnership with OSL Digital Securities (“OSL”), the digital asset platform of OSL Group (863.HK) – Hong Kong’s only publicly listed company fully dedicated to digital assets, to facilitate the in-kind subscription and redemption processes essential for the successful deployment and management of Hong Kong’s first spot virtual asset exchange-traded funds (“ETFs”).
Is It Worth Investing in Solowin Holdings (NASDAQ: SWIN) Right Now?
The stock has a 36-month beta value of -2.73. Opinions on the stock are mixed, with 10 analysts rating it as a “buy,” 5 as “overweight,” 6 as “hold,” and 0 as “sell.”
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The public float for SWIN is 4.50M, and at present, short sellers hold a 5.48% of that float. On October 07, 2024, the average trading volume of SWIN was 211.79K shares.
SWIN’s Market Performance
SWIN’s stock has seen a 6.62% increase for the week, with a 13.73% rise in the past month and a -13.95% fall in the past quarter. The volatility ratio for the week is 15.22%, and the volatility levels for the past 30 days are at 11.69% for Solowin Holdings The simple moving average for the past 20 days is 4.92% for SWIN’s stock, with a -58.08% simple moving average for the past 200 days.
SWIN Trading at 10.12% 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 -96.00% of loss for the given period.
Volatility was left at 11.69%, however, over the last 30 days, the volatility rate increased by 15.22%, as shares surge +20.33% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.45% upper at present.
During the last 5 trading sessions, SWIN rose by +6.62%, which changed the moving average for the period of 200-days by +3.20% in comparison to the 20-day moving average, which settled at $2.79. In addition, Solowin Holdings saw -3.01% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for SWIN
Current profitability levels for the company are sitting at:
- -1.23 for the present operating margin
- 1.0 for the gross margin
The net margin for Solowin Holdings stands at 11.86. The total capital return value is set at -0.3. Equity return is now at value -74.48, with -35.66 for asset returns.
Based on Solowin Holdings (SWIN), the company’s capital structure generated 0.11 points at debt to capital in total, while cash flow to debt ratio is standing at -4.41.
Currently, EBITDA for the company is -0.56 million with net debt to EBITDA at -31.19. When we switch over and look at the enterprise to sales, we see a ratio of 19.36. The receivables turnover for the company is 0.55for trailing twelve months and the total asset turnover is 0.15.
Conclusion
To sum up, Solowin Holdings (SWIN) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing 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.
