Work Medical Technology Group Ltd (NASDAQ:WOK) shares, rose in value on Friday, December 13, with the stock price up by 15.92% to the previous day’s close as strong demand from buyers drove the stock to $5.46.
Actively observing the price movement in the last trading, the stock closed the session at $4.71, falling within a range of $4.38 and $5.65. Referring to stock’s 52-week performance, its high was $8.45, and the low was $3.26. On the whole, WOK has fluctuated by -5.86% over the past month.
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With the market capitalization of Work Medical Technology Group Ltd currently standing at about $79.17 million, investors are eagerly awaiting this quarter’s results, scheduled for in January.
The stock’s technical analysis shows that the price of WOK currently trading nearly -6.29% and -7.24% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 45.83, while the 7-day volatility ratio is showing 38.44% which for the 30-day chart, stands at 14.54%. Furthermore, Work Medical Technology Group Ltd (WOK)’s average true range (ATR) is 0.88.
Data on historical trading for Work Medical Technology Group Ltd (NASDAQ:WOK) indicates that the trading volumes over the past 10 days have averaged 0.19 and over the past 3 months, they’ve averaged 72.03K. According to company’s latest data on outstanding shares, there are 14.50 million shares outstanding.
Nearly 85.66% of Work Medical Technology Group Ltd’s shares belong to company insiders and institutional investors own 0.06% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 29170.0 shares as on 2024-11-29, resulting in a short ratio of 1.01. According to the data, the short interest in Work Medical Technology Group Ltd (WOK) stood at 42.00 of shares outstanding as of 2024-11-29; the number of short shares registered in 2024-10-31 reached 24750.0. The stock has risen by 51.67% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the WOK stock heading into the next quarter.
