Wireless Telecom Group Inc. (AMEX:WTT) currently has a daily average trading volume of 16.08K but it saw 4053466 shares traded on Thursday. With a market cap of 44.50M USD, stock’s current market price of $2.06 came rising about 29.56 while comparing to the previous closing price of $1.59. In past 52 weeks, the stock remained buoying in the range of price level as high as $2.00 and as low as $1.11. In the recent trading on the day, stock has struck highest price mark of $2.07 while lowest mark touched by it was $2.05.
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Taking a look at 20-day trading activity of Wireless Telecom Group Inc. (WTT) gives us an average price of $1.7300, while its current price level is 3.00% below from 52-week high level whereas it is 85.59% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $1.7700 while that of 200 days or SMA-200 reads an average of $1.6700. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.36% during that period while stretching the period over a month that decreases to 2.85%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 72.78 which implies that the stock is in overbought territory.
Wireless Telecom Group Inc. (WTT)’s stock is currently under the radar of 1 analysts who are in consensus at a 12-month price target range of between $2.25 and $2.25 for company’s shares. The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $2.25 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $2.25. Average price target assigned by them is $2.25 which highlights an upside potential of 8.44% for the stock over that period. And to attain the median price target of $2.25 assigned by those analysts, stock has to add about 8.44% of value to its current levels.
Data by FactSet Research shows that 1 analysts have issued their ratings for the stock. 0 of them are in opinions that stock is a Sell, while 0 are advising it as an Overweight. 1 analysts suggested the investors to Buy the stock while 0 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Buy for the stock and that issued by Wall Street to investors is Moderate Buy.
Over the week, WTT’s stock price is moving 24.85% up while it is 15.73% when we observe its performance for the past one month. Year-to-date it is 15.08% up and over the past year, the stock is showing an upside performance of 47.14%.
The latest quarterly earnings report issued by the company was for quarter ended 12/30/2022, when its quarterly earnings per share (EPS) of $0.35 beat the consensus estimate of -$0.02 for the same. The company is expected to be releasing its next quarterly report in 08/09/2023, for which analysts forecasted an EPS of $0 while estimate for next year EPS is -$0.16.
Currently, Wireless Telecom Group Inc.’s total number of outstanding shares is 21.15M with 7.59% of that held by the insiders while 25.45% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -6.60%. Stock’s beta reads 0.95. Stock has a price to book (P/B) ratio of 1.06 while price to sale or P/S ratio amounts to 1.99.
