A stock’s 52-week high and low prices can offer a wealth of information about its current standing and prospective future performance. WANG & LEE Group Inc’s current trading price is -99.48% away from its 52-week high, while its distance from the 52-week low is 60.77%. The stock’s price range for this time frame has been between $0.03 and $9.66. The trading volume of the company’s shares in the Industrials reached around 24.96 million for the day, which was evidently lower than the average daily volume of 66.18 million over the last three months.
WANG & LEE Group Inc had a pretty Dodgy run when it comes to the market performance.
How Financial Performance Impacts Market Capitalization
WANG & LEE Group Inc (WLGS) has experienced a quarterly decline of -72.14% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 1.59M and boasts a workforce of 10 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 0.5495, with a change in price of -4.3700. Similarly, WANG & LEE Group Inc recorded 43,298,438 in trading volume during the last 100 days, posting a change of -98.87%.
How WLGS’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for WLGS stands at 0.71. Similarly, the long-term debt-to-equity ratio is also 0.13.
WLGS Stock Stochastic Average
The raw stochastic average for WANG & LEE Group Inc over the last 50 days is presently at 7.69%. This reflects a drop from the raw stochastic average of the previous 20 days, which was noted at 11.93%. Further, the company’s Stochastic %K and %D values for the last 20 days were 16.57% and 21.99%, respectively.
WLGS Stock Price Performance Analysis
The stock price performance for the year has been a mixed bag, indicating either a pessimistic or optimistic outlook depending on how you look at it. The index has shown a price loss of -90.83% this year. Over the last six months, there has been a stronger performance of -99.30%. The price of WLGS fallen by 31.58% during the last 30 days period. For the last 5-days stocks have slided -46.29%.
