Market Insights: Solowin Holdings (AXG)’s Notable Gain of 7.03%, Closing at $3.35

Kevin Freeman

In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.

As of close of business last night, Solowin Holdings’s stock clocked out at $3.35, up 7.03% from its previous closing price of $3.13. In other words, the price has increased by $7.03 from its previous closing price. On the day, 0.71 million shares were traded. AXG stock price reached its highest trading level at $3.39 during the session, while it also had its lowest trading level at $3.14.

Ratios:

To gain a deeper understanding of AXG’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.29 and its Current Ratio is at 1.29. In the meantime, Its Debt-to-Equity ratio is 0.13 whereas as Long-Term Debt/Eq ratio is at 0.02.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, AXG now has a Market Capitalization of 627111872 and an Enterprise Value of 48824400. For the stock, the TTM Price-to-Sale (P/S) ratio is 1741.98 while its Price-to-Book (P/B) ratio in mrq is 90.79. Its current Enterprise Value per Revenue stands at 14.724.

Stock Price History:

The Beta on a monthly basis for AXG is -0.23, which has changed by 0.39732146 over the last 52 weeks, in comparison to a change of 0.13844287 over the same period for the S&P500. Over the past 52 weeks, AXG has reached a high of $5.09, while it has fallen to a 52-week low of $1.16. The 50-Day Moving Average of the stock is -2.42%, while the 200-Day Moving Average is calculated to be 22.16%.

Shares Statistics:

It appears that AXG traded 881.22K shares on average per day over the past three months and 804740 shares per day over the past ten days. A total of 187.20M shares are outstanding, with a floating share count of 45.71M. Insiders hold about 75.58% of the company’s shares, while institutions hold 0.08% stake in the company. Shares short for AXG as of 1763078400 were 1507591 with a Short Ratio of 1.71, compared to 1760486400 on 1241356. Therefore, it implies a Short% of Shares Outstanding of 1507591 and a Short% of Float of 1.05.

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