Streetbeat News

PWM

Prestige Wealth Inc.

https://www.prestigewm.hk

Industry

Asset Management

Prestige Wealth Inc., through its subsidiaries, provides wealth management and asset management services. The company assists its clients in identifying and purchasing wealth management and asset management products. The company offers its services primarily for high net worth and ultra-high net worth individuals in Asia primarily in the mainland China or Hong Kong. The company was founded in 2017 and is based in Central, Hong Kong. Prestige Wealth Inc. operates as a subsidiary of Prestige Financial Holdings Group Limited.

Open

1.08

Mkt cap

4.3M

Volume

52K

High

1.08

P/E Ratio

-8.23

52-wk high

3.24

Low

0.98

Div yield

N/A

52-wk low

0.67

Prestige Wealth Inc. (NASDAQ: PWM) announced the acquisition of Tokyo Bay Management Inc. for $1.5 million, paid in newly issued shares and warrants. The acquisition is expected to close in Q4 2024, enhancing PWM's strategy in the Asian wealth management sector.

Portfolio Pulse from

November 12, 2024 | 10:15 pm

Prestige Wealth Inc. (NASDAQ: PWM) announced the acquisition of InnoSphere Tech and the closing of its acquisition of Wealth AI. The acquisition of InnoSphere Tech, valued at $2.1 million, will enhance PWM's AI capabilities in wealth management.

Portfolio Pulse from

November 08, 2024 | 10:15 pm

In Friday's pre-market session, several financial stocks experienced significant movements. Lion Group Holding, Prestige Wealth, UP Fintech Holding, Yiren Digital, Garden Stage, and LexinFintech Holdings saw notable gains. Conversely, Pineapple Financial, Netcapital, Santech Holdings, Western Alliance, New York Community, and MicroSectors FANG Index -3X Inverse Leveraged ETNs experienced declines.

Portfolio Pulse from Benzinga Insights

October 18, 2024 | 12:09 pm

Prestige Wealth (NYSE:PWM) has seen a significant decrease in its short interest, with a 63.77% drop since the last report. Currently, 33,000 shares are sold short, representing 0.5% of the float. This is lower than the peer group average of 1.24%.

Portfolio Pulse from Benzinga Insights

September 04, 2024 | 5:30 pm

Daqo New Energy reported weak Q2 results, missing revenue and earnings expectations. Energy shares rose, while information technology shares fell. Medirom Healthcare and Prestige Wealth saw significant stock price increases due to strategic announcements. Alarum Technologies and PDD Holdings experienced notable declines after disappointing financial results.

Portfolio Pulse from Avi Kapoor

August 26, 2024 | 6:40 pm

U.S. stocks mostly declined with the Nasdaq Composite falling 1%. Notable stock movements included Medirom Healthcare Technologies surging 187% and Alarum Technologies dropping 30%. U.S. durable goods orders increased by 9.9% in July.

Portfolio Pulse from Avi Kapoor

August 26, 2024 | 4:16 pm

Prestige Wealth Inc (NASDAQ:PWM) shares surged 65% after announcing an acquisition agreement to purchase SPW Global for $4.5 million. The deal aims to enhance PWM's AI capabilities in wealth management, with completion expected in Q4 2024.

Portfolio Pulse from Henry Khederian

August 26, 2024 | 3:28 pm

Prestige Wealth shares have resumed trading after a temporary halt. This development is significant for investors monitoring the stock's performance.

Portfolio Pulse from Benzinga Newsdesk

August 26, 2024 | 1:51 pm

Prestige Wealth shares experienced a trading halt due to a circuit breaker triggered by a sharp decline. Despite this, the stock is now up by 102.9%.

Portfolio Pulse from Benzinga Newsdesk

August 26, 2024 | 1:46 pm

Prestige Wealth shares resumed trading after a circuit breaker halt. The halt was triggered due to significant price movement, indicating high volatility in the stock.

Portfolio Pulse from Benzinga Newsdesk

August 26, 2024 | 1:45 pm

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