The stock of WANG & LEE GROUP Inc. (NASDAQ:WLGS) decreased by -$0.16 on Friday to finish at $0.95, down -14.17 percent. The last five days have seen an average of 616,776 shares of common stock traded. The average number of shares traded over the last 20 days was 204,854, while the average volume over the last 50 days totaled 170,604.
WLGS stock dropped -21.91% since last month. On 08/07/23, the company’s shares reached a one-month low of $0.7401. The stock touched a high of $5.90, after rallying from a low of $0.74 in 52 weeks. The price of WLGS stock has declined by -69.27%. Still, the stock price is down -83.85% from the 52-week high.
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Financial Health
For the recent quarter, WANG & LEE GROUP Inc.’s quick ratio was 0.70, while its current ratio was 0.70, indicating its inability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 18.80% percent. WANG & LEE GROUP Inc.’s EBITDA margin for the recent year was -15.32%, whereas its operating margin stood at -14.70% for the same period. Based on annual data, it had gross profit of $0.79 million and revenue of $4.17 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. WLGS’s return on assets (ROA) during the last 12 months has been -26.00%. There was a 128.30% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 48.00%.
Earnings Surprise
Net income for the quarter came in at $4.17 million, while revenues rose by 100.0% to $0.0. At the end of WANG & LEE GROUP Inc.’s most recent quarter, its total debt was $1.11 million.
Technical Picture
Here’s a quick look at WANG & LEE GROUP Inc.’s (WLGS) price momentum from a technical perspective. As of 11 August, the RSI 9-day stood at 46.71%, suggesting the stock is Neutral, with a 202.53% historical volatility rate.
The stochastic %K and %D were 48.36% and 33.68% respectively, while the average true range (ATR) was 0.1562. Based on the 14-day stochastic reading of 47.25%, the RSI (14) reading is 42.71%. On the 9-day MACD Oscillator, the stock is at 0.0703.
Analyst Ratings
Analysts have assigned WANG & LEE GROUP Inc. (WLGS) an – rating. WLGS is a stock that is recommended for selling by 0 brokerage firms, while 0 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 0 others recommend it as a buy.
