Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Ming Shing Group Holdings Ltd’s current trading price is -82.23% away from its 52-week high, while its distance from the 52-week low is 59.32%. The stock’s price range during this period has varied between $1.18 and $10.58. The company, active in the Industrials sector, saw a trading volume of around 0.64 million for the day, considerably higher average daily volume of 0.41 million observed over the last three months.
Ming Shing Group Holdings Ltd’s stock has seen a rocky market performance.
How Financial Performance Impacts Market Capitalization
Ming Shing Group Holdings Ltd (MSW) has experienced a quarterly decline of -57.08% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 24.38M and boasts a workforce of 35 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 3.6070, with a change in price of -1.7300. Similarly, Ming Shing Group Holdings Ltd recorded 292,288 in trading volume during the last 100 days, posting a change of -47.92%.
How MSW’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for MSW stands at 7.69. Similarly, the long-term debt-to-equity ratio is also 2.85.
MSW Stock Stochastic Average
As of today, the raw stochastic average of Ming Shing Group Holdings Ltd over the last 50 days is at 13.11%. This shows a declinee from the raw stochastic average of the previous 20 days, which was recorded at 37.43%. Further, the company’s Stochastic %K and %D values for the last 20 days were 26.20% and 20.39%, respectively.
MSW Stock Price Performance Analysis
The performance of the stock price over the year has been up and down, leaving investors with either an optimistic or pessimistic outlook, depending on how they interpret the data.
