WANG & LEE Group Inc (WLGS) Stock Could Soon Reward Patient Investors

WANG & LEE Group Inc (NASDAQ: WLGS) is -75.62% lower 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 make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The WLGS stock was last observed hovering at around $0.75 in the last trading session, with the day’s loss setting it -0.32%.

Currently trading at $0.43, the stock is -89.94% and -92.16% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 13.76 million and changing -42.70% at the moment leaves the stock -83.76% off its SMA200. WLGS registered -32.32% loss for a year compared to 6-month gain of -69.04%. The firm has a 50-day simple moving average (SMA 50) of $5.48682 and a 200-day simple moving average (SMA200) of $2.650345.

The stock witnessed a -92.83% loss in the last 1 month and extending the period to 3 months gives it a -73.60%, and is -90.96% down 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 32.01% over the week and 30.38% over the month.

WANG & LEE Group Inc (WLGS) has around 25 employees, a market worth around $7.47M and $0.93M in sales. Current P/E ratio is 204.90. Profit margin for the company is 3.45%. Distance from 52-week low is -3.17% and -95.55% from its 52-week high. The company has generated returns on investments over the last 12 months (4.29%).

WANG & LEE Group Inc (WLGS) Top Institutional Holders

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.