The stock price of Top KingWin Ltd (NASDAQ: WAI) has dropped by -12.01 compared to previous close of 0.39. Despite this, the company has seen a gain of 14.03% in its stock price over the last five trading days. globenewswire.com reported 2024-11-26 that Shenzhen, China, Nov. 26, 2024 (GLOBE NEWSWIRE) — Top KingWin Limited (“Top KingWin” or the “Company”) (Nasdaq: WAI) today announced that on November 25, 2024, it entered into a securities purchase agreement to issue a convertible note in the original principal amount of $2,500,000 (the “Note”) to JAK Opportunities VIII LLC (the “Purchaser”), convertible into its class A ordinary shares, par value of $0.0001 per share (the “Ordinary Shares”), for gross proceeds of $2,250,000 (the “Offering”).
Is It Worth Investing in Top KingWin Ltd (NASDAQ: WAI) Right Now?
Moreover, the 36-month beta value for WAI is 1.77.
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The public float for WAI is 175.18M and currently, short sellers hold a 0.07% of that float. On January 01, 2025, WAI’s average trading volume was 2.22M shares.
WAI’s Market Performance
The stock of Top KingWin Ltd (WAI) has seen a 14.03% increase in the past week, with a -34.75% drop in the past month, and a -38.37% fall in the past quarter. The volatility ratio for the week is 20.30%, and the volatility levels for the past 30 days are at 16.91% for WAI. The simple moving average for the past 20 days is -2.97% for WAI’s stock, with a -36.87% simple moving average for the past 200 days.
WAI Trading at -17.75% from the 50-Day Moving Average
After a stumble in the market that brought WAI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -84.01% of loss for the given period.
Volatility was left at 16.91%, however, over the last 30 days, the volatility rate increased by 20.30%, as shares sank -23.93% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -31.58% lower at present.
During the last 5 trading sessions, WAI rose by +14.03%, which changed the moving average for the period of 200-days by -79.39% in comparison to the 20-day moving average, which settled at $0.3526. In addition, Top KingWin Ltd saw -80.56% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for WAI
The liquidity ratio also appears to be rather interesting for investors as it stands at 1.93.
Conclusion
To wrap up, the performance of Top KingWin Ltd (WAI) has been bad in recent times. The stock has received a mixed of “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.
