Wellchange Holdings Co. Ltd (NASDAQ: WCT) has a price-to-earnings ratio that is above its average at 162.13x.
The public float for WCT is 3.46M, and at present, short sellers hold a 5.17% of that float. On November 06, 2024, the average trading volume of WCT was 1.78M shares.
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WCT) stock’s latest price update
Wellchange Holdings Co. Ltd (NASDAQ: WCT) has experienced a decline in its stock price by -13.01 compared to its previous closing price of 8.76. However, the company has seen a fall of -8.96% in its stock price over the last five trading days. globenewswire.com reported 2024-10-17 that HONG KONG, Oct. 17, 2024 (GLOBE NEWSWIRE) — Wellchange Holdings Company Limited (the “Company” or “Wellchange”) (Nasdaq: WCT), an enterprise software solution services provider headquartered in Hong Kong, today announced that the underwriters of its previously announced initial public offering (the “Offering”) have exercised their over-allotment option in full to purchase an additional 165,000 ordinary shares at the public offering price of US$4.00 per share, resulting in additional gross proceeds of $660,000. After giving effect to the full exercise of the over-allotment option, the total number of ordinary shares sold by Wellchange in the public offering increased to 1,265,000 ordinary shares and the gross proceeds increased to approximately $5.06 million, before deducting underwriting discounts and offering expenses payable by the Company. The option closing date was October 17, 2024.The Company also issued the representative of the underwriters warrants to purchase up to 5,775 Ordinary Shares. The Ordinary Shares had begun trading on the Nasdaq Capital Market on October 2, 2024, under the ticker symbol “WCT.”
WCT’s Market Performance
The volatility ratio for the week is 28.67% while the volatility levels for the last 30 days are 17.81% for Wellchange Holdings Co. Ltd The simple moving average for the past 20 days is 1.56% for WCT’s stock, with a 10.89% simple moving average for the past 200 days.
WCT Trading at 10.89% from the 50-Day Moving Average
After a stumble in the market that brought WCT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -18.42% of loss for the given period.
Volatility was left at 17.81%, however, over the last 30 days, the volatility rate increased by 28.67%, as shares surge +47.10% for the moving average over the last 20 days.
During the last 5 trading sessions, WCT fell by -8.96%, in comparison to the 20-day moving average, which settled at $7.50. In addition, Wellchange Holdings Co. Ltd saw 85.40% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for WCT
Equity return is now at value 66.80, with 33.40 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 0.70.
Conclusion
To sum up, Wellchange Holdings Co. Ltd (WCT) has seen a mixed 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.
