Wellchange Holdings Co. Ltd (NASDAQ:WCT) shares, rose in value, with the stock price up by 3.59% to the previous day’s close as strong demand from buyers drove the stock to $0.29.
Actively observing the price movement in the last trading, the stock closed the session at $0.28. Referring to stock’s 52-week performance, its high was $9.36, and the low was $0.12. On the whole, WCT has fluctuated by 17.61% over the past month.
With the market capitalization of Wellchange Holdings Co. Ltd currently standing at about $13.42 million, investors are eagerly awaiting this quarter’s results, scheduled for in June.
The stock’s technical analysis shows that the price of WCT currently trading nearly 4.48% and 13.77% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 45.82, while the 7-day volatility ratio is showing 4.93% which for the 30-day chart, stands at 6.04%. Furthermore, Wellchange Holdings Co. Ltd (WCT)’s average true range (ATR) is 0.04.
Data on historical trading for Wellchange Holdings Co. Ltd (NASDAQ:WCT) indicates that the trading volumes over the past 3 months, they’ve averaged 9.70 million. According to company’s latest data on outstanding shares, there are 21.27 million shares outstanding.
Nearly 83.71% of Wellchange Holdings Co. Ltd’s shares belong to company insiders and institutional investors own 1.37% of the company’s shares. The stock has fallen by -69.77% 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.
