WISeKey International Holding Ltd ADR (NASDAQ:WKEY) shares, rose in value on Thursday, December 12, with the stock price up by 36.67% to the previous day’s close as strong demand from buyers drove the stock to $3.28.
Actively observing the price movement in the last trading, the stock closed the session at $2.40, falling within a range of $2.46 and $3.89. The value of beta (5-year monthly) was 1.853. Referring to stock’s 52-week performance, its high was $3.44, and the low was $1.55. On the whole, WKEY has fluctuated by 96.41% over the past month.
With the market capitalization of WISeKey International Holding Ltd ADR currently standing at about $5.41 million, investors are eagerly awaiting this quarter’s results, scheduled for in January.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 14.03M, with a low estimate of 2.55M and a high estimate of 2.55M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 2.55M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. 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 50% Sell while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the price of WKEY currently trading nearly 52.84% and 56.83% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 80.12, while the 7-day volatility ratio is showing 22.65% which for the 30-day chart, stands at 12.84%. Furthermore, WISeKey International Holding Ltd ADR (WKEY)’s beta value is 2.02, and its average true range (ATR) is 0.30.
A comparison of WISeKey International Holding Ltd ADR (WKEY) with its peers suggests the former has fared considerably weaker in the market. WKEY showed an intraday change of 36.67% in last session, and over the past year, it grew by 96.41%%.
Data on historical trading for WISeKey International Holding Ltd ADR (NASDAQ:WKEY) indicates that the trading volumes over the past 10 days have averaged 0.24 and over the past 3 months, they’ve averaged 70.45K. According to company’s latest data on outstanding shares, there are 1.65 million shares outstanding.
WISeKey International Holding Ltd ADR’s shares belong to company insiders and institutional investors own 3.54% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 62440.0 shares as on 2024-11-29, resulting in a short ratio of 1.06. The stock has risen by 87.42% 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.
