Can Buying JE Cleantech Holdings Ltd (NASDAQ: JCSE) Still Be Worthwhile?

JE Cleantech Holdings Ltd (NASDAQ:JCSE) does about 34.88K shares in volume on a normal day but saw 1604190 shares change hands in the recent trading day. The company now has a market cap of 11.17M USD. Its current market price is $2.23, marking an increase of 59.29% compared to the previous close of $1.40. The 52 week high reached by this stock is $1.80 whilst the lowest price level in 52 weeks is $0.60.

JE Cleantech Holdings Ltd (JCSE) has a 20-day trading average at $1.3900 and the current price is 23.89% off the 52-week high compared with 270.79% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.2600 and its 200-day simple moving average is $0.9500. If we look at the stock’s price movements over the week, volatility stands at 18.08%, which decreases to 9.06% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 83.41 to suggest the stock is overbought.

The current price level is 60.68%, 77.19%, and 135.91% away from its SMA20, SMA50, and SMA200 respectively, with the JCSE price moving below the 50-day SMA on current market day. JE Cleantech Holdings Ltd (JCSE) stock is up 59.29% over the week and 85.83% over the past month. Its price is 197.33% year-to-date and 61.59% over the past year.

Outstanding shares total 5.00M with insiders holding 63.92% of the shares and institutional holders owning 1.14% of the company’s common stock. The company has a return on investment of 2.35% and return on equity of 3.12%. The price to earnings ratio (P/E ratio) amounts to 45.05. The beta has a value of -0.33. Price to book ratio is 0.88 and price to sales ratio is 0.83.