Analyzing the Price-to-Earnings Ratio of Wetouch Technology Inc (WETH)

The price-to-earnings ratio for Wetouch Technology Inc (NASDAQ: WETH) is above average at 5.96x. The 36-month beta value for WETH is also noteworthy at -0.09. 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.”

The public float for WETH is 11.89M, and at present, short sellers hold a 0.47% of that float. The average trading volume of WETH on September 27, 2024 was 92.90K shares.

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WETH) stock’s latest price update

The stock of Wetouch Technology Inc (NASDAQ: WETH) has increased by 15.00 when compared to last closing price of 1.80.Despite this, the company has seen a gain of 12.50% in its stock price over the last five trading days. prnewswire.com reported 2024-07-08 that CHENGDU, China, July 8, 2024 /PRNewswire/ — Wetouch Technologies Inc. (NASDAQ: WETH) (“Wetouch” or the “Company”), a leading innovator in the global touch display industry, today announced a stock buyback program to repurchase up to $ 15 million of the Company’s common stock. Under the program, the Company is authorized to repurchase its shares from time to time in the open market or in privately negotiated transactions.

WETH’s Market Performance

Wetouch Technology Inc (WETH) has experienced a 12.50% rise in stock performance for the past week, with a 27.78% rise in the past month, and a -15.16% drop in the past quarter. The volatility ratio for the week is 8.71%, and the volatility levels for the past 30 days are at 8.09% for WETH. The simple moving average for the past 20 days is 20.95% for WETH’s stock, with a -51.53% simple moving average for the past 200 days.

WETH Trading at 18.28% from the 50-Day Moving Average

After a stumble in the market that brought WETH to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -88.81% of loss for the given period.

Volatility was left at 8.09%, however, over the last 30 days, the volatility rate increased by 8.71%, as shares surge +31.85% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -10.00% lower at present.

During the last 5 trading sessions, WETH rose by +12.50%, which changed the moving average for the period of 200-days by -73.46% in comparison to the 20-day moving average, which settled at $1.7400. In addition, Wetouch Technology Inc saw -59.41% in overturn over a single year, with a tendency to cut further losses.

Stock Fundamentals for WETH

Current profitability levels for the company are sitting at:

  • 0.2 for the present operating margin
  • 0.32 for the gross margin

The net margin for Wetouch Technology Inc stands at 0.1. The total capital return value is set at 0.07. Equity return is now at value 3.50, with 3.33 for asset returns.

Based on Wetouch Technology Inc (WETH), the company’s capital structure generated 0.0 points at debt to capital in total, while cash flow to debt ratio is standing at 2.39. The debt to equity ratio resting at 0.0. The interest coverage ratio of the stock is 6.13.

Currently, EBITDA for the company is 12.73 million with net debt to EBITDA at -11.75. When we switch over and look at the enterprise to sales, we see a ratio of -1.81. The receivables turnover for the company is 3.75for trailing twelve months and the total asset turnover is 0.32. The liquidity ratio also appears to be rather interesting for investors as it stands at 36.36.

Conclusion

In summary, Wetouch Technology Inc (WETH) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others 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.

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