Some meme stocks are experiencing a decline today, but there are a handful of companies showing consistent growth. Aerwins Technologies (NASDAQ: AWIN), a Japanese aerospace technology manufacturer, is one such company that has seen a significant increase in value this week and continues to perform well in the market.
Aerwins Technologies (NASDAQ: AWIN ) stock is on the rise Tuesday despite the solar technology company getting a delisting notice. That notice comes from the Listing Qualifications Department of the Nasdaq Exchange.
Aerwins Technologies (NASDAQ: AWIN ) stock is falling on Tuesday but it's not due to any negative news from the Japanese air mobility. Instead, shares of AWIN stock are sliding lower on Tuesday following a major rally on Monday.
Aerwins Technologies (NASDAQ: AWIN ) stock is rocketing higher on Monday after the Japanese air mobility company announced plans for an upcoming shareholder meeting. According to a press release from Aerwins Technologies, the company intends to hold its annual shareholder meeting on Nov. 20, 2023.
AERWINS has lost a chunk of its initial valuation. Its hoverbike product is a luxury item that, in my view, lacks a real practical use. The company has seen its revenues decline year-over-year, and its liquidity makes it prone to future dilution of shareholders.