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

WANG & LEE Group Inc (NASDAQ: WLGS) is -91.61% lower on its value in year-to-date trading and has touched a low of $0.03 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 $0.04 in the last trading session, with the day’s gains setting it 0.01%.

Currently trading at $0.05, the stock is 5.32% and -63.79% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 74.62 million and changing 13.25% at the moment leaves the stock -98.07% off its SMA200. WLGS registered -97.34% loss for a year compared to 6-month loss of -98.34%. The firm has a 50-day simple moving average (SMA 50) of $0.12982 and a 200-day simple moving average (SMA200) of $2.439915.

The stock witnessed a -6.75% gain in the last 1 month and extending the period to 3 months gives it a -75.26%, and is -18.40% 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 18.30% over the week and 20.98% over the month.

WANG & LEE Group Inc (WLGS) has around 10 employees, a market worth around $1.49M and $0.51M in sales. Profit margin for the company is -64.43%. Distance from 52-week low is 51.13% and -99.51% from its 52-week high. The company has generated returns on investments over the last 12 months (-63.90%).

WANG & LEE Group Inc (WLGS) Top Institutional Holders

10.0 institutions hold shares in WANG & LEE Group Inc (WLGS), with institutional investors hold 31.41% of the company’s shares. The shares outstanding are 17.36M, and float is at 17.32M with Short Float at 5.41%. Institutions hold 17.13% 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.