The public float for GSIW is 5.03M, and currently, short sellers hold a 19.36% ratio of that floaft. The average trading volume of GSIW on October 22, 2024 was 3.56M shares.
GSIW) stock’s latest price update
Garden Stage Ltd (NASDAQ: GSIW)’s stock price has plunge by -7.89relation to previous closing price of 1.52. Nevertheless, the company has seen a -18.13% plunge in its stock price over the last five trading sessions. globenewswire.com reported 2024-09-16 that Hong Kong, Sept. 16, 2024 (GLOBE NEWSWIRE) — I Win Securities Limited and I Win Asset Management Limited (“I Win”), both being wholly-owned subsidiaries of Garden Stage Limited (NASDAQ: GSIW) (“Garden Stage”), announced today that multiple strategic cooperation agreements have been reached with Indicator Global Inc (“Indicator”), an Investment Adviser Firm registered with US SEC with registration number 802-130189 and CRD number 331058. Indicator Global Inc is one of the leading investment advisers in the United States in a wide spectrum of industry practises. This cooperation further enhances the connectivity of the different clientele of I Win and Indicator and facilitates the development of the businesses of all parties involved. The cooperation agreements cover introduction of clients, derivatives, consulting, external asset management and a possible formation of a joint venture.
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GSIW’s Market Performance
Garden Stage Ltd (GSIW) has experienced a -18.13% fall in stock performance for the past week, with a 4.48% rise in the past month, and a -80.00% drop in the past quarter. The volatility ratio for the week is 9.28%, and the volatility levels for the past 30 days are at 19.92% for GSIW. The simple moving average for the past 20 days is -12.53% for GSIW’s stock, with a -82.00% simple moving average for the past 200 days.
GSIW Trading at -70.19% from the 50-Day Moving Average
After a stumble in the market that brought GSIW to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -91.24% of loss for the given period.
Volatility was left at 19.92%, however, over the last 30 days, the volatility rate increased by 9.28%, as shares surge +10.24% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -80.58% lower at present.
During the last 5 trading sessions, GSIW fell by -18.13%, which changed the moving average for the period of 200-days by -81.36% in comparison to the 20-day moving average, which settled at $1.6005. In addition, Garden Stage Ltd saw -82.05% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at GSIW starting from Oriental Moon Tree Limited, who proposed sale 200,000 shares at the price of $1.65 back on Oct 18 ’24. After this action, Oriental Moon Tree Limited now owns shares of Garden Stage Ltd, valued at $330,000 using the latest closing price.
Oriental Moon Tree Limited, the Affiliate of Garden Stage Ltd, proposed sale 200,000 shares at $1.68 during a trade that took place back on Oct 10 ’24, which means that Oriental Moon Tree Limited is holding shares at $336,000 based on the most recent closing price.
Stock Fundamentals for GSIW
Current profitability levels for the company are sitting at:
- -3.81 for the present operating margin
- 0.98 for the gross margin
The net margin for Garden Stage Ltd stands at 9.78. The total capital return value is set at 0.86.
Based on Garden Stage Ltd (GSIW), the company’s capital structure generated 0.15 points at debt to capital in total, while cash flow to debt ratio is standing at -34.18.
Currently, EBITDA for the company is -0.57 million with net debt to EBITDA at -741.58. When we switch over and look at the enterprise to sales, we see a ratio of 18.4. The receivables turnover for the company is 10.21for trailing twelve months and the total asset turnover is 0.53.
Conclusion
In a nutshell, Garden Stage Ltd (GSIW) has experienced a bad performance in recent times. The stock has received mixed “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.
