Prestige Wealth Inc (NASDAQ: PWM) has experienced a rise in its stock price by 16.89 compared to its previous closing price of 1.48. However, the company has seen a gain of 21.83% in its stock price over the last five trading days. globenewswire.com reported 2024-12-19 that HONG KONG, Dec. 19, 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 December 18, 2024, it received notice from The Nasdaq Stock Market LLC (“Nasdaq”) informing the Company that it has regained compliance with the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2) (the “Rule”) for continued listing on the Nasdaq Capital Market.
Is It Worth Investing in Prestige Wealth Inc (NASDAQ: PWM) Right Now?
Company’s 36-month beta value is 2.57.
The public float for PWM is 2.30M, and currently, short sellers hold a 15.85% ratio of that floaft. The average trading volume of PWM on January 20, 2025 was 855.50K shares.
PWM’s Market Performance
PWM’s stock has seen a 21.83% increase for the week, with a 30.08% rise in the past month and a 114.70% gain in the past quarter. The volatility ratio for the week is 16.14%, and the volatility levels for the past 30 days are at 21.46% for Prestige Wealth Inc The simple moving average for the past 20 days is 23.75% for PWM’s stock, with a 71.64% simple moving average for the past 200 days.
PWM Trading at 36.86% 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 -27.92% of loss for the given period.
Volatility was left at 21.46%, however, over the last 30 days, the volatility rate increased by 16.14%, as shares surge +19.31% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +103.29% upper at present.
During the last 5 trading sessions, PWM rose by +21.83%, which changed the moving average for the period of 200-days by +16.11% in comparison to the 20-day moving average, which settled at $1.3980. In addition, Prestige Wealth Inc saw 33.08% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for PWM
Current profitability levels for the company are sitting at:
- -3.19 for the present operating margin
- 1.0 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 19.78. The receivables turnover for the company is 0.48for trailing twelve months and the total asset turnover is 0.05.
Conclusion
In a nutshell, Prestige Wealth Inc (PWM) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.