Home  »  Business   »  Is WANG & LEE Group Inc. (NASDAQ: WLGS) Still...

Is WANG & LEE Group Inc. (NASDAQ: WLGS) Still A Hot Stock To Buy?

WANG & LEE Group Inc. (NASDAQ:WLGS) price closed higher on Friday, November 17, jumping 96.92% above its previous close.

A look at the daily price movement shows that the last close reads $0.40, with intraday deals fluctuated between $0.632 and $1.04. Taking into account the 52-week price action we note that the stock hit a 52-week high of $5.90 and 52-week low of $0.40. The stock added 43.69% on its value in the past month.

Top 5 Artificial Intelligence Stocks to Buy for 2024

By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it. According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."

Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"


Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews.

The overview shows that WLGS’s price is at present 40.83% off the SMA20 and 10.31% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 60.30, with weekly volatility standing at 26.89%. The indicator jumps to 21.06% when calculated based on the past 30 days. WANG & LEE Group Inc. (NASDAQ:WLGS)’s beta value is holding at 0, while the average true range (ATR) indicator is currently reading 0.12.

An analysis of the WANG & LEE Group Inc. (NASDAQ:WLGS) stock in terms of its daily trading volume indicates that the 3-month average is 125.02K. However, this figure increases on the past 10-day timeline to an average of 3.83 million.

Current records show that the company has 13.40M in outstanding shares. The insiders’ percentage holdings are 79.49% of outstanding shares while the percentage share held by institutions stands at 0.25%. The stats also highlight that short interest as of Oct 30, 2023, stood at 94380.0 shares, which puts the short ratio at the time at 0.98. From this we can glean that short interest is 0.63% of company’s current outstanding shares. Notably, we see that shares short in October rose slightly given the previous month’s figure stood at 84640.0. But the -74.59% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.