WANG & LEE Group Inc (NASDAQ: WLGS) is 204.25% higher on its value in year-to-date trading and has touched a low of $0.44 and a high of $9.66 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The WLGS stock was last observed hovering at around $5.48 in the last trading session, with the day’s loss setting it -0.11%.
Currently trading at $5.37, the stock is 11.77% and -1.52% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.06 million and changing -2.01% at the moment leaves the stock 104.41% off its SMA200. WLGS registered 726.15% gain for a year compared to 6-month gain of 297.78%. The firm has a 50-day simple moving average (SMA 50) of $5.45298 and a 200-day simple moving average (SMA200) of $2.627115.
The stock witnessed a -2.36% loss in the last 1 month and extending the period to 3 months gives it a 89.75%, and is 32.92% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 19.04% over the week and 26.95% over the month.
WANG & LEE Group Inc (WLGS) has around 25 employees, a market worth around $93.22M and $0.93M in sales. Current P/E ratio is 2557.14. Profit margin for the company is 3.45%. Distance from 52-week low is 1108.37% and -44.41% from its 52-week high. The company has generated returns on investments over the last 12 months (4.29%).
5.0 institutions hold shares in WANG & LEE Group Inc (WLGS), with institutional investors hold 3.05% of the company’s shares. The shares outstanding are 15.09M, and float is at 5.36M with Short Float at 4.34%. Institutions hold 0.94% of the Float.
The top institutional shareholder in the company is CITADEL ADVISORS LLC with over 39460.0 shares valued at $25649.0. The investor’s holdings represent 0.2614 of the WLGS Shares outstanding. As of 2024-06-30, the second largest holder is HRT FINANCIAL LP with 11469.0 shares valued at $7000.0 to account for 0.076 of the shares outstanding.
