WANG & LEE Group Inc (NASDAQ:WLGS) shares, rose in value, with the stock price down by -2.00% to the previous day’s close as strong demand from buyers drove the stock to $4.91.
Actively observing the price movement in the last trading, the stock closed the session at $5.01. The PE ratio was 2338.10 over 12-month period. Referring to stock’s 52-week performance, its high was $9.66, and the low was $0.44. On the whole, WLGS has fluctuated by -34.09% over the past month.
With the market capitalization of WANG & LEE Group Inc currently standing at about $85.24 million, investors are eagerly awaiting this quarter’s results, scheduled for in April.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that WLGS’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% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the price of WLGS currently trading nearly -25.07% and -0.31% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 41.35, while the 7-day volatility ratio is showing 28.68% which for the 30-day chart, stands at 25.81%. Furthermore, WANG & LEE Group Inc (WLGS)’s beta value is 3.28, and its average true range (ATR) is 1.26.
A comparison of WANG & LEE Group Inc (WLGS) with its peers suggests the former has fared considerably weaker in the market. WLGS showed an intraday change of -2.00% in last session, and over the past year, it grew by 346.40%%.
Data on historical trading for WANG & LEE Group Inc (NASDAQ:WLGS) indicates that the trading volumes over the past 3 months, they’ve averaged 416.98K. According to company’s latest data on outstanding shares, there are 15.09 million shares outstanding.
Nearly 69.13% of WANG & LEE Group Inc’s shares belong to company insiders and institutional investors own 0.89% of the company’s shares. The stock has risen by 178.19% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the WLGS stock heading into the next quarter.
