Wellchange Holdings Co. Ltd (NASDAQ: WCT) has a higher price-to-earnings ratio of 39.57x compared to its average ratio.
The public float for WCT is 3.46M, and currently, short sellers hold a 9.75% ratio of that float. The average trading volume of WCT on January 22, 2025 was 1.41M shares.
WCT) stock’s latest price update
Wellchange Holdings Co. Ltd (NASDAQ: WCT)’s stock price has soared by 1.68 in relation to previous closing price of 1.79. Nevertheless, the company has seen a gain of 18.18% in its stock price over the last five trading days. globenewswire.com reported 2025-01-17 that Hong Kong, Jan. 17, 2025 (GLOBE NEWSWIRE) — Wellchange Holding Company Limited (NASDAQ: WCT) (“Company” or the “Wellchange”), an enterprise software solution services provider headquartered in Hong Kong, today announced the closing of its public offering of 25,000,000 ordinary shares at a public offering price of $0.40 per ordinary share.
WCT’s Market Performance
Wellchange Holdings Co. Ltd (WCT) has experienced a 18.18% rise in stock performance for the past week, with a 78.43% rise in the past month, and a -74.00% drop in the past quarter. The volatility ratio for the week is 16.65%, and the volatility levels for the past 30 days are at 16.50% for WCT. The simple moving average for the last 20 days is 38.26% for WCT’s stock, with a simple moving average of -53.54% for the last 200 days.
WCT Trading at -25.40% 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 -80.56% of loss for the given period.
Volatility was left at 16.50%, however, over the last 30 days, the volatility rate increased by 16.65%, as shares surge +68.52% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -76.12% lower at present.
During the last 5 trading sessions, WCT rose by +18.18%, in comparison to the 20-day moving average, which settled at $1.3164. In addition, Wellchange Holdings Co. Ltd saw 89.56% in overturn over a single year, with a tendency to cut further gains.
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
To put it simply, Wellchange Holdings Co. Ltd (WCT) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as 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.
