Work Medical Technology Group Ltd (NASDAQ: WOK): Think Like A Lender, Not An Investor

Work Medical Technology Group Ltd (NASDAQ:WOK) currently has a daily average trading volume of 128.82K but it saw 167321 shares traded in last market. With a market cap of 56.61M USD, the company’s current market price of $3.88 came rising about 1.57 while comparing to the previous closing price of $3.82. In past 52 weeks, the stock remained buoying in the range of price level as high as $8.45 and as low as $3.26. In the recent trading on the day, stock has struck highest price mark of $3.82 while lowest mark touched by it was $4.1994.

Taking a look at 20-day trading activity of Work Medical Technology Group Ltd (WOK) gives us an average price of $4.77, while its current price level is -54.06% below from 52-week high level whereas it is 19.02% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $5.47. A closer look into the stock’s movement over the week reveals that its volatility is standing at 13.80% during that period while stretching the period over a month that increases to 21.70%. 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 35.76 which implies that the stock is in neutral territory.

Over the week, WOK’s stock price is moving -19.50% down while it is -39.09% when we observe its performance for the past one month. Year-to-date it is -19.50% down and over the past year.

Currently, Work Medical Technology Group Ltd’s total number of outstanding shares is 14.59M.