WANG & LEE Group Inc. (NASDAQ: WLGS) stock jumped 96.92% on Friday to $0.79 against a previous-day closing price of $0.40. With 38.05 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.13 million shares. During the session, the Engineering & Construction company that operates in wider Industrials sector, reached to the highest price of $1.0400 whereas the lowest price it dropped to was $0.6320. The 52-week range on WLGS shows that it touched its highest point at $5.90 and its lowest point at $0.40 during that stretch.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of WLGS was up-trending over the past week, with a rise of 51.48%, but this was up by 43.69% over a month. Three-month performance dropped to -10.50% while six-month performance fell -54.99%.
Float and Shares Shorts:
At present, 13.40 million WLGS shares are outstanding with a float of 2.75 million shares on hand for trading. On Oct 30, 2023, short shares totaled 94380.0, which was 0.63% higher than short shares on Sep 28, 2023. In addition to Mr. Pui Lung Ho as the firm’s Chairman & CEO, Mr. Yuk Ming Ma serves as its Chief Finance Officer.
Institutional Ownership:
Through their ownership of 0.04% of WLGS’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 0.18% of WLGS, in contrast to 0.04% held by mutual funds. As the largest shareholder in WLGS with 0.13% of the stake, Virtu Financial BD LLC holds 19,632 shares worth 19,632. A second-largest stockholder of WLGS, Two Sigma Securities LLC, holds 13,729 shares, controlling over 0.09% of the firm’s shares. Osaic Wealth, Inc. is the third largest shareholder in WLGS, holding 0 shares or 0.00% stake. With a 0.04% stake in WLGS, the Fidelity Nasdaq Composite Index F is the largest stakeholder. A total of 6,135 shares are owned by the mutual fund manager.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for WLGS since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.
