KWESST Micro Systems Inc. (NASDAQ:KWE) Drops -43.65% In One Week: What’s Boosting Its Stock?

In last trading session, KWESST Micro Systems Inc. (NASDAQ:KWE) saw 0.65 million shares changing hands with its beta currently measuring 1.66. Company’s recent per share price level of $0.14 trading at $0.01 or 2.91% at ring of the bell on the day assigns it a market valuation of $2.18M. That closing price of KWE’s stock is at a discount of -1357.14% from its 52-week high price of $2.04 and is indicating a premium of 7.14% from its 52-week low price of $0.13. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.89 million shares which gives us an average trading volume of 6.97 million if we extend that period to 3-months.

KWESST Micro Systems Inc. (NASDAQ:KWE) trade information

Upright in the green during last session for gaining 2.91%, in the last five days KWE remained trading in the red while hitting it’s week-highest on Monday, 08/12/24 when the stock touched $0.14 price level, adding 20.0% to its value on the day. KWESST Micro Systems Inc.’s shares saw a change of -84.67% in year-to-date performance and have moved -43.65% in past 5-day. KWESST Micro Systems Inc. (NASDAQ:KWE) showed a performance of -64.93% in past 30-days. Number of shares sold short was 66319.0 shares which calculate 0.1 days to cover the short interests.

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KWESST Micro Systems Inc. (KWE) estimates and forecasts

This year revenue growth is estimated to rise 90.40% from the last financial year’s standing.

1 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 1.5M for the same. And 1 analysts are in estimates of company making revenue of 2M in the next quarter.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 35.17% during past 5 years.

KWESST Micro Systems Inc. (NASDAQ:KWE)’s Major holders

Insiders are in possession of 2.38% of company’s total shares while institution are holding 8.38 percent of that, with stock having share float percentage of 8.59%. Investors also watch the number of corporate investors in a company very closely, which is 8.38% institutions for KWESST Micro Systems Inc. that are currently holding shares of the company.