Meiwu Technology Company Ltd (NASDAQ: WNW) is -66.27% lower on its value in year-to-date trading and has touched a low of $0.93 and a high of $11.11 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The WNW stock was last observed hovering at around $1.33 in the last trading session, with the day’s loss setting it -0.19%.
Currently trading at $1.14, the stock is 4.45% and -6.64% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.55 million and changing -14.29% at the moment leaves the stock -68.62% off its SMA200. WNW registered -83.71% loss for a year compared to 6-month loss of -67.81%. The firm has a 50-day simple moving average (SMA 50) of -$0.58 and a 200-day simple moving average (SMA200) of -$6.41.
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The stock witnessed a -12.31% gain in the last 1 month and extending the period to 3 months gives it a -65.35%, and is 14.00% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 19.63% over the week and 11.38% over the month.
Profit margin for the company is -28.47%. Distance from 52-week low is 22.58% and -89.74% from its 52-week high. The company has generated returns on investments over the last 12 months (-23.16%).
3 institutions hold shares in Meiwu Technology Company Ltd (WNW), with institutional investors hold 0.32% of the company’s shares. The shares outstanding are 2.88M, and float is at 1.62M with Short Float at 5.37%. Institutions hold 0.18% of the Float.
The top institutional shareholder in the company is Renaissance Technologies, LLC with over 0.11 million shares valued at $20088.0. The investor’s holdings represent 0.19% of the WNW Shares outstanding. As of Jun 29, 2023, the second largest holder is Two Sigma Investments, LP with 47980.0 shares valued at $8425.0 to account for 0.08% of the shares outstanding. The other top investors are Geode Capital Management, LLC which holds 41954.0 shares representing 0.07% and valued at over $7367.0, while Two Sigma Securities, LLC holds 0.05% of the shares totaling 28347.0 with a market value of $4977.0.
