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Webuy Global Ltd (WBUY) Is Touching $0.50: At This Price, The Risk Is Justified.

Webuy Global Ltd (NASDAQ:WBUY) concluded the trading at $0.50 Friday, February 09 with a fall of -10.81% from its closing price on previous day.

Taking a look at stock we notice that its last check on previous day was $0.56 . Considering stock’s 52-week price range provides that WBUY hit a high price of $14.30 and saw its price falling to a low level of $0.37 during that period. Over a period of past 1-month, stock came subtracting -1.00% in its value.

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In last 7 days, analysts came adjusting their opinions about stock’s EPS with no upward and no downward revisions, an indication which could give clearer idea about the company’s short term price movement.

Digging deeper we become aware of the PEG ratio of the WBUY stock which is currently positioned at 0. It further provides that stock’s current price level is 10.08% away from its 20-day simple moving average and is -60.28% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 36.56 while volatility remained at 11.86% over the past week which changes to 12.60% when measuring it over the past month. Average true range or ATR is currently at 0.12.

Having a second look at Webuy Global Ltd (NASDAQ:WBUY) provides that stock’s average daily trading volume for 3 months was 1.04 million, while it jumped to 0.3 million when we calculate an average volume for past 10 days. Number of outstanding shares of the stock stood at 52.38 million.

The percentage of outstanding shares held by the insiders is 68.97% while it is 0.03% for the institutional holders. The figures also indicate that as of Jan 12, 2024, number of stock’s short shares was 0.2 million which implies a short ratio of 0.19. This shows up a 0.39% of Short Interest in company’s outstanding shares on the day. In January the standing of shares short improved as it was 12900.0 in the previous month. Subtraction of -2.96% by stock’s current price to its year-to-date value in last trading session is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.