Wellchange Holdings Co. Ltd (NASDAQ:WCT) shares, rose in value, with the stock price up by 3.02% to the previous day’s close as strong demand from buyers drove the stock to $1.88.
Actively observing the price movement in the recent trading, the stock is buoying the session at $1.82, falling within a range of $1.75 and $1.8999. The PE ratio was 40.76 over 12-month period. Referring to stock’s 52-week performance, its high was $9.36, and the low was $0.94. On the whole, WCT has fluctuated by 91.84% over the past month.
With the market capitalization of Wellchange Holdings Co. Ltd currently standing at about $39.87 million, investors are eagerly awaiting this quarter’s results, scheduled for in February.
The stock’s technical analysis shows that the price of WCT currently trading nearly 33.90% and -15.14% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 56.02, while the 7-day volatility ratio is showing 15.86% which for the 30-day chart, stands at 15.87%. Furthermore, Wellchange Holdings Co. Ltd (WCT)’s average true range (ATR) is 0.27.
Data on historical trading for Wellchange Holdings Co. Ltd (NASDAQ:WCT) indicates that the trading volumes over the past 10 days have averaged 1.18 and over the past 3 months, they’ve averaged 1.41 million. According to company’s latest data on outstanding shares, there are 21.27 million shares outstanding.
The data on short interest also indicates that stock shorts accounted for 0.27 million shares as on 2024-11-29, resulting in a short ratio of 0.1. According to the data, the short interest in Wellchange Holdings Co. Ltd (WCT) stood at 779.00 of shares outstanding as of 2024-11-29; the number of short shares registered in 2024-10-31 reached 0.63 million. The stock has risen by 95.29% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the WCT stock heading into the next quarter.
