WISeKey International Holding AG (NASDAQ:WKEY) shares, rose in value on Thursday, Apr 08, with the stock price up by 5.59% to the previous day’s close as strong demand from buyers drove the stock to $11.52.
Actively observing the price movement in the recent trading, the stock is buoying the session at $10.91, falling within a range of $11.10 and $12.16. The value of beta (5-year monthly) is 0 whereas the PE ratio is 0 over 12-month period. Referring to stock’s 52-week performance, its high was $22.4, and the low was $3.9. On the whole, WKEY has fluctuated by 84.6% over the past month.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that WKEY’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium term indicators have put the stock in the category of 100% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
1 analyst(s) have assigned their ratings of the stock’s forecast evaluation on a scale of 1.00-5.00 to indicate a strong buy to a strong sell recommendation. The stock is rated as a Hold by none analyst(s), 1 recommend it as a Buy and no body called the WKEY stock Outperform. In the meantime, none analyst(s) believe the stock as Underperform and none think it is a Sell. Thus, investors eager to increase their holdings of the company’s stock will have an opportunity to do so as the average rating for the stock is Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of WKEY currently trading nearly -1.67% and 23.3% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 50.24, while the 7-day volatility ratio is showing 14.94% which for the 30-day chart, stands at 30.59%. Furthermore, WISeKey International Holding AG (WKEY)’s beta value is 0, and its average true range (ATR) is 2.82. The company’s stock has been forecasted to trade at an average price of $9 over the course of the next 52 weeks, with a low of $9 and a high of $9. Based on these price targets, the low is -21.88 off current price, whereas the price has to move -21.88% to reach the yearly target high. Additionally, analysts’ median price of $9 is likely to be welcomed by investors because it represents an increase of -21.88% from the current levels.
A comparison of WISeKey International Holding AG (WKEY) with its peers suggests the former has fared considerably weaker in the market. WKEY showed an intraday change of +5.59% in today’s session so far, and over the past year, it dropped by -28.69%. In comparison, Johnson Controls Intl (JCI) has moved higher at +0.13% today and is up +119.45% over the past 12 months. On the other hand, the price of Nortonlifelock Inc (NLOK) has risen 1.08% today. The stock, however, is off 14.65% from where it was a year ago. Additionally, there is a gain of 559% for Allegion Plc (ALLE) in recent trading while the stock has seen an overall depriciation of -28.69% over the past year. The PE ratio stands at 0 for WISeKey International Holding AG, compared to 55.44 for Johnson Controls Intl, and 20.87 for Nortonlifelock Inc. Other than that, the overall performance of the S&P 500 during the today’s session so far shows that it gained 0.26%. Meanwhile, the Dow Jones Industrial weakened by -0.12%.
Data on historical trading for WISeKey International Holding AG (NASDAQ:WKEY) indicates that the trading volumes over the past 10 days have averaged 5.85 Million and over the past 3 months, they’ve averaged 4.88 Million. According to company’s latest data on outstanding shares, there are 17.68 Million shares outstanding.
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Nearly 0% of WISeKey International Holding AG’s shares belong to company insiders and institutional investors own 0.79% of the company’s shares, according to Thomson Reuters’ data. The data on short interest also indicates that stock shorts accounted for 72.29 Million shares as on March 14, 2021, resulting in a short ratio of 0.16. According to the data, the short interest in WISeKey International Holding AG (WKEY) stood at 0.41% of shares outstanding as of March 14, 2021; the number of short shares registered in February reached 122.94 Million. The stock has risen by +53.88% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the WKEY stock heading into the next quarter.