AERWINS Technologies Inc. (NASDAQ: AWIN) stock jumped 53.02% on Friday to $0.19 against a previous-day closing price of $0.13. With 171.21 million shares changed hands, the volume of the stock remained heavier than its average volume of 2.03 million shares. During the session, the Scientific & Technical Instruments company that operates in wider Technology sector, reached to the highest price of $0.3419 whereas the lowest price it dropped to was $0.1511. The 52-week range on AWIN shows that it touched its highest point at $18.00 and its lowest point at $0.11 during that stretch. It currently has a 1-year price target of $1.00. Beta for the stock currently stands at -0.15.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of AWIN was up-trending over the past week, with a rise of 42.92%, but this was down by -10.33% over a month. Three-month performance dropped to -55.16% while six-month performance fell -77.32%. The stock lost -98.10% in the past year, while it has lost -98.16% so far this year. A look at the trailing 12-month EPS for AWIN yields 0.18 with Next year EPS estimates of 0.02. For the next quarter, that number is -0.14. This implies an EPS growth rate of -52.10% for this year and 111.10% for next year.
Float and Shares Shorts:
At present, 62.69 million AWIN shares are outstanding with a float of 59.00 million shares on hand for trading. On Aug 30, 2023, short shares totaled 0.56 million, which was 0.90% higher than short shares on Jul 30, 2023. In addition to Mr. Kiranjit Sidhu as the firm’s Exec. Chairman & Pres, Mr. Taiji Ito serves as its CEO, Global Markets Exec. Officer & Director.
Through their ownership of 0.77% of AWIN’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 3.74% of AWIN, in contrast to 0.71% held by mutual funds. Shares owned by individuals account for 0.14%. As the largest shareholder in AWIN with 0.25% of the stake, Walleye Capital LLC holds 159,259 shares worth 159,259. A second-largest stockholder of AWIN, First Foundation Advisors, holds 150,000 shares, controlling over 0.24% of the firm’s shares. Lumyna Investments Ltd. is the third largest shareholder in AWIN, holding 62,840 shares or 0.10% stake. With a 0.05% stake in AWIN, the Lumyna – MW TOPS UCITS Fund is the largest stakeholder. A total of 31,226 shares are owned by the mutual fund manager. The Lumyna – MW Systematic Alpha UCIT, which owns about 0.03% of AWIN stock, is the second-largest Mutual Fund holder. It holds 18,513 shares valued at 3703.0. EHP Global Arbitrage Alternative holds 0.02% of the stake in AWIN, owning 14,900 shares worth 2980.0.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2023, AWIN reported revenue of $321.17k and operating income of -$3.83M. The EBITDA in the recently reported quarter was -$4.24M and diluted EPS was -$0.07.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for AWIN since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With AWIN analysts setting a high price target of $1.00 and a low target of $1.00, the average target price over the next 12 months is $1.00. Based on these targets, AWIN could surge 426.32% to reach the target high and rise by 426.32% to reach the target low. Reaching the average price target will result in a growth of 426.32% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Summary of Insider Activity:
Insiders traded AWIN stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 4 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 14,184,931 while 0 shares were sold.