The price-to-earnings ratio for Wellchange Holdings Co. Ltd (NASDAQ: WCT) is above average at 26.63x,
The public float for WCT is 3.46M, and currently, short sellers hold a 1.79% ratio of that floaft. The average trading volume of WCT on December 26, 2024 was 1.69M shares.
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WCT) stock’s latest price update
Wellchange Holdings Co. Ltd (NASDAQ: WCT) has seen a rise in its stock price by 21.29 in relation to its previous close of 1.01. However, the company has experienced a 13.43% gain in its stock price over the last five trading sessions. 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 12.49% while the volatility levels for the last 30 days are 16.47% for Wellchange Holdings Co. Ltd The simple moving average for the last 20 days is -6.10% for WCT stock, with a simple moving average of -73.05% for the last 200 days.
WCT Trading at -72.20% 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 -86.91% of loss for the given period.
Volatility was left at 16.47%, however, over the last 30 days, the volatility rate increased by 12.49%, as shares sank -42.79% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -84.09% lower at present.
During the last 5 trading sessions, WCT rose by +6.48%, in comparison to the 20-day moving average, which settled at $1.3009. In addition, Wellchange Holdings Co. Ltd saw -70.19% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for WCT
Equity return is now at value 49.60, with 27.90 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 0.90.
Conclusion
In a nutshell, Wellchange Holdings Co. Ltd (WCT) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
