A stock’s 52-week high and low prices can offer a wealth of information about its current standing and prospective future performance. Multi Ways Holdings Ltd’s current trading price is -41.77% away from its 52-week high, while its distance from the 52-week low is 135.95%. The stock’s price range for this time frame has been between $0.19 and $0.78. The trading volume of the company’s shares in the Industrials reached around 0.44 million for the day, which was evidently lower than the average daily volume of 0.86 million over the last three months.
The stock market performance of Multi Ways Holdings Ltd has been very steady. Over the last year, the company’s stock hit its highest at $0.78 on 07/15/24, while the lowest price during the same time frame was $0.19, recorded on 11/09/23.
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How Financial Performance Impacts Market Capitalization
Multi Ways Holdings Ltd (MWG) has experienced a quarterly rise of 20.16% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 14.01M and boasts a workforce of 92 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 0.3994, with a change in price of +0.0906. Similarly, Multi Ways Holdings Ltd recorded 776,011 in trading volume during the last 100 days, posting a change of +24.92%.
MWG Stock Stochastic Average
The raw stochastic average for Multi Ways Holdings Ltd over the last 50 days is presently at 24.60%. This reflects a drop from the raw stochastic average of the previous 20 days, which was noted at 46.25%. Further, the company’s Stochastic %K and %D values for the last 20 days were 50.92% and 41.05%, respectively.
MWG Stock Price Performance Analysis
Depending on how one views it, the stock price performance for the year has been a mixed bag, resulting in either an optimistic or pessimistic outlook. Year to date metric has recorded a gain of 102.14%.However, over the last six months, we can see a weaker performance of 28.85%. Over the last 30 days, the price of MWG has fallen by 19.56%. And in the last five days, it has surged by 8.40%.
