WANG & LEE Group Inc. [NASDAQ: WLGS] gained 14.38% or 0.08 points to close at $0.63 with a heavy trading volume of 6877342 shares.
The daily chart for WLGS points out that the company has recorded 17.99% gains over the past six months.
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If we look at the average trading volume of 135.26K shares, WLGS reached to a volume of 6877342 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about WANG & LEE Group Inc. [WLGS]:
The Average True Range (ATR) for WANG & LEE Group Inc. is set at 0.07, with the Price to Sales ratio for WLGS stock in the period of the last 12 months amounting to 10.91. The Price to Book ratio for the last quarter was 12.34, with the Price to Cash per share for the same quarter was set at 0.04.
Trading performance analysis for WLGS stock
WANG & LEE Group Inc. [WLGS] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 14.99. With this latest performance, WLGS shares gained by 10.86% in over the last four-week period, additionally plugging by 17.99% over the last 6 months – not to mention a drop of -64.06% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for WLGS stock in for the last two-week period is set at 57.44, with the RSI for the last a single of trading hit 61.20, and the three-weeks RSI is set at 54.84 for WANG & LEE Group Inc. [WLGS]. The present Moving Average for the last 50 days of trading for this stock 0.5584, while it was recorded at 0.5785 for the last single week of trading, and 0.6592 for the last 200 days.
WANG & LEE Group Inc. [WLGS]: A deeper dive into fundamental analysis
WANG & LEE Group Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.21 and a Current Ratio set at 2.21.
An analysis of Institutional ownership at WANG & LEE Group Inc. [WLGS]
The top three institutional holders of WLGS stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in WLGS stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in WLGS stock with ownership which is approximately 5.8386%.
