Are Analysts Too Bullish On Wellchange Holdings Co. Ltd. (WCT)

Wellchange Holdings Co. Ltd. (NASDAQ:WCT) currently has a daily average trading volume of 1.84M but it saw 2400949 shares traded in last market. With a market cap of 147.70M USD, the company’s current market price of $7.00 came rising about 4.95 while comparing to the previous closing price of $6.67. In past 52 weeks, the stock remained buoying in the range of price level as high as $7.30 and as low as $3.45. In the recent trading on the day, stock has struck highest price mark of $6.5 while lowest mark touched by it was $7.3599.

Its current price level is -4.11% below from 52-week high level whereas it is 102.90% above from lowest level seen by the stock during that period. A closer look into the stock’s movement over the week reveals that its volatility is standing at 12.50% during that period. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement.

Over the week, WCT’s stock price is moving 16.86% up. Year-to-date it is 70.32% up and over the past year.

Currently, Wellchange Holdings Co. Ltd.’s total number of outstanding shares is 21.10M. Company’s return on investment (ROI) stands at 36.90% and return on equity (ROE) at 66.80%. It has a price to earnings ratio (P/E ratio) of 148.94. Stock has a price to book (P/B) ratio of 70.00 while price to sale or P/S ratio amounts to 59.08. Its return on asset (ROA) is 33.40% on average.