The stock of Wellchange Holdings Co. Ltd (NASDAQ: WCT) has decreased by -4.17 when compared to last closing price of 0.18. Despite this, the company has experienced a -13.75% fall in its stock price over the last five trading sessions. 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.
Is It Worth Investing in Wellchange Holdings Co. Ltd (NASDAQ: WCT) Right Now?
The public float for WCT is 3.46M, and currently, short sellers hold a 131.85% ratio of that floaft. The average trading volume of WCT on April 02, 2025 was 5.06M shares.
WCT’s Market Performance
The stock of Wellchange Holdings Co. Ltd (WCT) has seen a -13.75% decrease in the past week, with a -93.39% drop in the past month, and a -82.31% fall in the past quarter. The volatility ratio for the week is 11.76%, and the volatility levels for the past 30 days are at 43.66% for WCT. The simple moving average for the last 20 days is -75.08% for WCT stock, with a simple moving average of -94.26% for the last 200 days.
WCT Trading at -89.47% 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 -98.16% of loss for the given period.
Volatility was left at 43.66%, however, over the last 30 days, the volatility rate increased by 11.76%, as shares sank -94.21% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -90.96% lower at present.
During the last 5 trading sessions, WCT fell by -17.70%, in comparison to the 20-day moving average, which settled at $0.6919. In addition, Wellchange Holdings Co. Ltd saw -82.03% in overturn over a single year, with a tendency to cut further losses.
Conclusion
In a nutshell, Wellchange Holdings Co. Ltd (WCT) has experienced a bad 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.
