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Can Wireless Telecom Group Inc. Bounce Back? 52-Week Performance and Analyst Predictions

Wireless Telecom Group Inc. (WTT) has a current stock price of $2.07. During the previous trading session, the stock witnessed a notable rise, reaching a high of $1.64 after opening at $1.62. The stock’s low for the day was $1.57, and it eventually closed at $1.59.

Wireless Telecom Group Inc.’s stock market performance has been consistent. The 1-year high for the company’s stock was recorded at $2.00 on 05/25/23, with the lowest value being $1.11 on 07/18/22.

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52-week price history of WTT Stock

A stock’s 52-week high and low prices can reveal a great deal about its present condition and potential future performance. Wireless Telecom Group Inc.’s current trading price is 3.25% away from its 52-week high, while its distance from the 52-week low is 86.04%. The stock’s price range during this period has fluctuated between $1.11 and $2.00. Shares of the company, which operates in the Technology sector, recorded a trading volume of around 3.14 million for the day, which was evidently higher than the average daily volume of 16079.999999999998 over the last three months.

Financial Performance and Market Capitalization

Wireless Telecom Group Inc. (WTT) has experienced a quarterly rise of 9.84% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 34.34M and boasts a workforce of 68 employees.

Moving average and trading volume data

Based on Barchart.com data, the company’s moving average over the 100-day period was 1.8319, with a change in price of +0.2767. Similarly, Wireless Telecom Group Inc. recorded 47,340 in trading volume during the last 100 days, posting a change of +15.46%.

WTT Debt-to-equity ratio analysis

The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for WTT stands at 0.00. Similarly, the long-term debt-to-equity ratio is also 0.00.

WTT Stock Stochastic Average

Wireless Telecom Group Inc.’s raw stochastic average for the past 50 days is currently at 99.35%. This represents a surge from the raw stochastic average of the last 20 days, which was recorded at 99.35%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 41.12% and 26.60%, respectively.

WTT Stock Price Performance Analysis

Investors’ outlook regarding the stock price performance over the year has been split, with some feeling optimistic and others feeling pessimistic, as it’s been a mixed bag. The index has shown a price gain of 15.36% this year. Over the last six months, there has been a weaker performance of 32.37%. The price of WTT fallen by 16.01% during the last 30 days period. For the last 5-days stocks have improved 25.15%.

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