The price-to-earnings ratio for Ming Shing Group Holdings Ltd (NASDAQ: MSW) is above average at 334.76x,
The public float for MSW is 1.70M, and currently, short sellers hold a 2.54% ratio of that floaft. The average trading volume of MSW on January 31, 2025 was 300.87K shares.
MSW) stock’s latest price update
The stock price of Ming Shing Group Holdings Ltd (NASDAQ: MSW) has dropped by -8.24 compared to previous close of 8.50. Despite this, the company has seen a fall of -6.47% in its stock price over the last five trading days. globenewswire.com reported 2024-12-09 that Hong Kong, Dec. 09, 2024 (GLOBE NEWSWIRE) — Ming Shing Group Holdings Limited (the “Company” or “Ming Shing”), (NASDAQ: MSW), a Hong Kong based company mainly engaged in wet trades works whose mission it is to become the leading wet trades works service provider in Hong Kong, today announced that it closed the sale of an additional 225,000 ordinary shares of the Company, pursuant to the full exercise of the underwriter’s over-allotment option granted in connection with the Company’s initial public offering (“IPO”, together with such over-allotment closing, the “Offering”), at the IPO price of $5.50 per share, less underwriting discounts. As a result, the Company has raised aggregate gross proceeds of $9,487,500, including the previously announced IPO gross proceeds of $8,250,000, prior to deducting underwriting discounts and commissions and estimated offering expenses payable by the Company.
MSW’s Market Performance
The volatility ratio for the week is 10.83% while the volatility levels for the last 30 days are 18.00% for Ming Shing Group Holdings Ltd The simple moving average for the past 20 days is 6.53% for MSW’s stock, with a 19.84% simple moving average for the past 200 days.
MSW Trading at 19.84% from the 50-Day Moving Average
After a stumble in the market that brought MSW to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -26.28% of loss for the given period.
Volatility was left at 18.00%, however, over the last 30 days, the volatility rate increased by 10.83%, as shares surge +14.87% for the moving average over the last 20 days.
During the last 5 trading sessions, MSW fell by -6.47%, in comparison to the 20-day moving average, which settled at $7.32. In addition, Ming Shing Group Holdings Ltd saw 25.81% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for MSW
The liquidity ratio also appears to be rather interesting for investors as it stands at 1.14.
Conclusion
In a nutshell, Ming Shing Group Holdings Ltd (MSW) has experienced a mixed 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.
