GSIW Stock Experiences Sharp Decline Amidst Market Volatility

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Nov 20, 2024

Garden Stage Ltd (GSIW, Financial) saw its stock experience a significant drop of 5.28%. The stock was priced at $0.680 per share with a trading volume of 90,193 shares and a turnover rate of 0.58%. The stock's amplitude reached 5.56%.

Recent financial reports indicate that Garden Stage Ltd recorded a revenue of $180,007.49 and a net loss of $586,552.06, resulting in an earnings per share (EPS) of -$0.04. The company currently has a price-to-earnings (P/E) ratio of -2.03, and there are no current institutional ratings suggesting a buy, hold, or sell recommendation for the stock.

In the broader capital market sector, where GSIW operates, the overall decline was 0.44%. Notable performers in the sector include Cleanspark Inc C/Wts 29/12/2028, Mara Holdings, Inc., and Abits Group Inc, which saw significant gains. Meanwhile, Netcapital Inc., Mara Holdings, Inc., and Btcs Inc. were particularly active, with turnover rates of 30.76%, 26.19%, and 17.57% respectively. Stocks with large amplitudes include Cleanspark Inc C/Wts 29/12/2028, Bitfufu Inc C/Wts 01/03/2029, and Bitcoin Depot Inc C/Wts 30/06/2028, with amplitudes of 107.89%, 32.48%, and 16.49% respectively.

Garden Stage Ltd, based in Hong Kong, is a financial services provider engaged in placement and underwriting services, securities trading and brokerage services, and asset management services. Its operations are conducted through its wholly-owned subsidiaries: GSIW, licensed for Type 1 regulated activities (dealing in securities) under the Hong Kong Securities and Futures Ordinance, and Yiying Asset Management, licensed for Type 4 (advising on securities) and Type 9 (asset management) regulated activities.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.