In the past week, WETG stock has gone down by -18.72%, with a monthly decline of -63.05% and a quarterly plunge of -89.20%. The volatility ratio for the week is 26.83%, and the volatility levels for the last 30 days are 28.60% for WeTrade Group Inc. The simple moving average for the last 20 days is -26.73% for WETG stock, with a simple moving average of -96.32% for the last 200 days.
Is It Worth Investing in WeTrade Group Inc. (NASDAQ: WETG) Right Now?
There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for WETG is 62.16M and currently, short sellers hold a 2.80% ratio of that float. The average trading volume of WETG on May 24, 2023 was 14.67M shares.
WETG) stock’s latest price update
The stock of WeTrade Group Inc. (NASDAQ: WETG) has decreased by -4.73 when compared to last closing price of 0.05. Despite this, the company has experienced a -18.72% fall in its stock price over the last five trading sessions.
WETG Trading at -72.68% from the 50-Day Moving Average
After a stumble in the market that brought WETG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -99.91% of loss for the given period.
Volatility was left at 28.60%, however, over the last 30 days, the volatility rate increased by 26.83%, as shares sank -44.35% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -86.42% lower at present.
During the last 5 trading sessions, WETG fell by -17.80%, which changed the moving average for the period of 200-days by -99.76% in comparison to the 20-day moving average, which settled at $0.0587. In addition, WeTrade Group Inc. saw -86.97% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for WETG
Current profitability levels for the company are sitting at:
- +41.68 for the present operating margin
- +81.10 for the gross margin
The net margin for WeTrade Group Inc. stands at +35.99. The total capital return value is set at 41.14, while invested capital returns managed to touch 37.19. Equity return is now at value -33.90, with -27.80 for asset returns.
Based on WeTrade Group Inc. (WETG), the company’s capital structure generated 17.47 points at debt to equity in total, while total debt to capital is 14.87. Total debt to assets is 13.04, with long-term debt to equity ratio resting at 13.37. Finally, the long-term debt to capital ratio is 11.38.
When we switch over and look at the enterprise to sales, we see a ratio of 0.82, with the company’s debt to enterprise value settled at 0.00. The receivables turnover for the company is 1.51 and the total asset turnover is 0.87. The liquidity ratio also appears to be rather interesting for investors as it stands at 5.48.
Conclusion
In conclusion, WeTrade Group Inc. (WETG) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
