Garden Stage (NASDAQ:GSIW) Stock Price Up 3.5% – Should You Buy?

Garden Stage Limited (NASDAQ:GSIW)’s stock price traded up 3.5% during mid-day trading on Thursday . The company traded as high as $27.70 and last traded at $24.7460. 6,241 shares were traded during mid-day trading, a decline of 32% from the average session volume of 9,212 shares. The stock had previously closed at $23.90.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of Garden Stage from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, June 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Garden Stage currently has an average rating of “Sell”.

Garden Stage Stock Up 3.5%

The stock’s fifty day simple moving average is $28.74 and its 200-day simple moving average is $26.31.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Garden Stage stock. XTX Topco Ltd increased its stake in shares of Garden Stage Limited (NASDAQ:GSIW) by 244.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 258,052 shares of the company’s stock after buying an additional 183,147 shares during the quarter. XTX Topco Ltd owned about 0.72% of Garden Stage worth $33,000 at the end of the most recent quarter. 0.47% of the stock is owned by hedge funds and other institutional investors.

About Garden Stage

Garden Stage Limited, through its subsidiaries, provides securities dealing and brokerage, underwriting and placing, and other financial services in Hong Kong. It also offers asset management services comprising discretionary account management and fund management services. The company was incorporated in 2022 and is headquartered in Central, Hong Kong. Garden Stage Limited operates as a subsidiary of Oriental Moon Tree Limited.