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.
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.
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.
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.