The stock of WANG & LEE Group Inc. (WLGS) has gone up by 12.73% for the week, with a 78.42% rise in the past month and a 359.42% rise in the past quarter. The volatility ratio for the week is 58.94%, and the volatility levels for the past 30 days are 27.89% for WLGS. The simple moving average for the last 20 days is 32.23% for WLGS stock, with a simple moving average of 224.49% for the last 200 days.
Is It Worth Investing in WANG & LEE Group Inc. (NASDAQ: WLGS) Right Now?
The stock has a 36-month beta value of 1.60.
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The public float for WLGS is 3.09M, and at present, short sellers hold a 1.24% of that float. On October 22, 2024, the average trading volume of WLGS was 219.71K shares.
WLGS) stock’s latest price update
WANG & LEE Group Inc. (NASDAQ: WLGS) has seen a decline in its stock price by -9.82 in relation to its previous close of 2.75. However, the company has experienced a 12.73% gain in its stock price over the last five trading sessions. globenewswire.com reported 2024-04-18 that HONG KONG, China, April 18, 2024 (GLOBE NEWSWIRE) — WANG & LEE GROUP, Inc. (Nasdaq: WLGS) (“WLGS” or the “Company”), is a British Virgin Islands holding company with operations conducted by its subsidiaries in Hong Kong. The Company is a construction prime and subcontractor engaging in the installation of Electrical & Mechanical Systems (“E&M”), which include low voltage (220v/phase 1 or 380v/phase 3) electrical systems, mechanical ventilation and air-conditioning (“MVAC”) systems, fire service systems, water supply and sewage disposal system installation and fitting out for the public and private sectors. The Company today announced its unaudited operating results for the year ended December 31, 2023.
WLGS Trading at 101.38% from the 50-Day Moving Average
After a stumble in the market that brought WLGS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -40.95% of loss for the given period.
Volatility was left at 27.89%, however, over the last 30 days, the volatility rate increased by 58.94%, as shares surge +79.71% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +376.92% upper at present.
During the last 5 trading sessions, WLGS rose by +12.73%, which changed the moving average for the period of 200-days by +293.53% in comparison to the 20-day moving average, which settled at $1.88. In addition, WANG & LEE Group Inc. saw 246.85% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for WLGS
Current profitability levels for the company are sitting at:
- -0.11 for the present operating margin
- 0.36 for the gross margin
The net margin for WANG & LEE Group Inc. stands at -0.09. The total capital return value is set at -0.01.
The debt to equity ratio resting at 0.32. The interest coverage ratio of the stock is -12.47.
Currently, EBITDA for the company is -0.55 million with net debt to EBITDA at 33.24. When we switch over and look at the enterprise to sales, we see a ratio of 39.17. The receivables turnover for the company is 0.15for trailing twelve months and the total asset turnover is 0.07. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.21.
Conclusion
To sum up, WANG & LEE Group Inc. (WLGS) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
