Work Medical Technology Group Ltd (NASDAQ: WOK) Drops -28.50% Over A Month, But Analysts Still See Upside Potential

Work Medical Technology Group Ltd (NASDAQ:WOK) currently has a daily average trading volume of 2.21M but it saw 224279 shares traded in last market. With a market cap of 6.36M USD, the company’s current market price of $0.44 came falling about -9.18 while comparing to the previous closing price of $0.48. In past 52 weeks, the stock remained buoying in the range of price level as high as $8.45 and as low as $0.36. In the recent trading on the day, stock has struck highest price mark of $0.4003 while lowest mark touched by it was $0.4829.

Taking a look at 20-day trading activity of Work Medical Technology Group Ltd (WOK) gives us an average price of $0.4996, while its current price level is -94.84% below from 52-week high level whereas it is 20.73% 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 $0.9082. A closer look into the stock’s movement over the week reveals that its volatility is standing at 13.20% during that period while stretching the period over a month that decreases to 11.69%. 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 33.59 which implies that the stock is in neutral territory.

Over the week, WOK’s stock price is moving 11.85% up while it is -28.50% when we observe its performance for the past one month. Year-to-date it is -90.95% down and over the past year.

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