WANG & LEE Group Inc (NASDAQ: WLGS) has experienced a decline in its stock price by -15.83 compared to its previous closing price of 1.84. However, the company has seen a fall of -13.47% in its stock price over the last five trading days. 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.
Is It Worth Investing in WANG & LEE Group Inc (NASDAQ: WLGS) Right Now?
WANG & LEE Group Inc (NASDAQ: WLGS) has a higher price-to-earnings ratio of 737.52x compared to its average ratio, The 36-month beta value for WLGS is at 1.57.
The public float for WLGS is 3.09M, and currently, shorts hold a 1.64% of that float. The average trading volume for WLGS on January 08, 2025 was 171.64K shares.
WLGS’s Market Performance
WLGS stock saw a decrease of -13.47% in the past week, with a monthly decline of -48.72% and a quarterly a decrease of -16.28%. The volatility ratio for the week is 15.40%, and the volatility levels for the last 30 days are 24.39% for WANG & LEE Group Inc (WLGS). The simple moving average for the past 20 days is -30.20% for WLGS’s stock, with a 9.90% simple moving average for the past 200 days.
WLGS Trading at -51.20% 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 -72.19% of loss for the given period.
Volatility was left at 24.39%, however, over the last 30 days, the volatility rate increased by 15.40%, as shares sank -56.37% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -33.24% lower at present.
During the last 5 trading sessions, WLGS fell by -13.47%, which changed the moving average for the period of 200-days by +143.60% in comparison to the 20-day moving average, which settled at $2.2190. In addition, WANG & LEE Group Inc saw -12.25% in overturn over a single year, with a tendency to cut further losses.
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 -0.1. The total capital return value is set at -0.12. Equity return is now at value 5.05, with 2.47 for asset returns.
Based on WANG & LEE Group Inc (WLGS), the company’s capital structure generated 0.22 points at debt to capital in total, while cash flow to debt ratio is standing at -2.24. The debt to equity ratio resting at 0.28. The interest coverage ratio of the stock is -12.53.
Currently, EBITDA for the company is -0.55 million with net debt to EBITDA at 5.88. When we switch over and look at the enterprise to sales, we see a ratio of 2.95. The receivables turnover for the company is 1.16for trailing twelve months and the total asset turnover is 0.58. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.91.
Conclusion
In conclusion, WANG & LEE Group Inc (WLGS) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. 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.
