The Week Ahead: Are Investors Really Too Optimistic About Wellchange Holdings Co. Ltd (NASDAQ: WCT)

Wellchange Holdings Co. Ltd (NASDAQ:WCT) currently has a daily average trading volume of 2.38M but it saw 398120 shares traded in last market. With a market cap of 41.89M USD, the company’s current market price of $1.97 came falling about -1.99 while comparing to the previous closing price of $2.01. In past 52 weeks, the stock remained buoying in the range of price level as high as $9.36 and as low as $0.94. In the recent trading on the day, stock has struck highest price mark of $1.81 while lowest mark touched by it was $2.2.

Taking a look at 20-day trading activity of Wellchange Holdings Co. Ltd (WCT) gives us an average price of $5.5090, while its current price level is -78.95% below from 52-week high level whereas it is 109.57% 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 73.51% during that period while stretching the period over a month that decreases to 42.26%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 31.46 which implies that the stock is in neutral territory.

Over the week, WCT’s stock price is moving -40.66% down while it is -76.46% when we observe its performance for the past one month. Year-to-date it is -52.07% down and over the past year.

The company is expected to be releasing its next quarterly report in December, for which analysts forecasted an EPS of 0 while estimate for next year EPS is 0.

Currently, Wellchange Holdings Co. Ltd’s total number of outstanding shares is 21.27M. 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 41.91. Stock has a price to book (P/B) ratio of 19.70 while price to sale or P/S ratio amounts to 16.76. Its return on asset (ROA) is 33.40% on average.