Wellchange Holdings Co. Ltd (NASDAQ:WCT) shares, rose in value, with the stock price up by 9.00% to the previous day’s close as strong demand from buyers drove the stock to $2.85.
Actively observing the price movement in the last trading, the stock closed the session at $2.61. The PE ratio was 61.85 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 41.54% over the past month.
With the market capitalization of Wellchange Holdings Co. Ltd currently standing at about $131.62 million, investors are eagerly awaiting this quarter’s results, scheduled for in April.
The stock’s technical analysis shows that the price of WCT currently trading nearly 16.73% and 50.75% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 66.31, while the 7-day volatility ratio is showing 10.83% which for the 30-day chart, stands at 9.77%. Furthermore, Wellchange Holdings Co. Ltd (WCT)’s average true range (ATR) is 0.25.
Data on historical trading for Wellchange Holdings Co. Ltd (NASDAQ:WCT) indicates that the trading volumes over the past 3 months, they’ve averaged 2.34 million. According to company’s latest data on outstanding shares, there are 46.27 million shares outstanding.
Nearly 38.50% of Wellchange Holdings Co. Ltd’s shares belong to company insiders and institutional investors own 0.20% of the company’s shares. The stock has risen by 196.32% 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.
