Predicting Future Price Moves In WANG & LEE Group Inc (WLGS)

WANG & LEE Group Inc (NASDAQ:WLGS) does about 210.50K shares in volume on a normal day but saw 862589 shares change hands in the recent trading day. The company now has a market cap of 130.38M USD. Its current market price is $8.64, marking an increase of 0.47% compared to the previous close of $8.60. The 52 week high reached by this stock is $9.66 whilst the lowest price level in 52 weeks is $0.44.

WANG & LEE Group Inc (WLGS) has a 20-day trading average at $6.48 and the current price is -10.56% off the 52-week high compared with 1844.19% distance from its 52-week low. The 50-day simple moving average of the closing price is $4.14 and its 200-day simple moving average is $2.02. If we look at the stock’s price movements over the week, volatility stands at 15.26%, which increases to 26.51% 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 82.10 to suggest the stock is overbought.

The current price level is 33.27%, 108.45%, and 328.18% away from its SMA20, SMA50, and SMA200 respectively, with the WLGS price moving below the 50-day SMA on current market day. WANG & LEE Group Inc (WLGS) stock is up 14.59% over the week and 476.00% over the past month. Its price is 389.52% year-to-date and 1172.46% over the past year.

The company’s next earnings report forecasts estimating quarterly EPS at 0 and 0 for whole year.

Outstanding shares total 15.09M with insiders holding 79.50% of the shares and institutional holders owning 0.05% of the company’s common stock. The company has a return on investment of 4.29% and return on equity of 5.05%. The price to earnings ratio (P/E ratio) amounts to 4114.29. The beta has a value of 2.56. Price to book ratio is 192.64 and price to sales ratio is 140.19.