Moreover, the 36-month beta value for WTO is 0.67.
The public float for WTO is 25.55M and currently, short sellers hold a 2.97% of that float. On October 23, 2024, WTO’s average trading volume was 3.03M shares.
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WTO) stock’s latest price update
The stock price of UTime Ltd (NASDAQ: WTO) has surged by 10.15 when compared to previous closing price of 0.43, but the company has seen a 10.10% gain in its stock price over the last five trading sessions. globenewswire.com reported 2024-10-17 that NEW YORK, Oct. 17, 2024 (GLOBE NEWSWIRE) — UTime Limited (“UTime” or the “Company”) (Nasdaq: WTO), a mobile device manufacturing company committed to providing cost effective products and solutions to consumers globally and helping low-income individuals from established and emerging markets, announced today that on October 10, 2024, the Company received a notification letter from the Nasdaq Listing Qualifications Staff of The NASDAQ Stock Market LLC (“Nasdaq”) notifying the Company that the minimum bid price per share for its ordinary shares has been below $1.00 for a period of 30 consecutive business days and the Company therefore no longer meets the minimum bid price requirements set forth in Nasdaq Listing Rule 5550(a)(2).
WTO’s Market Performance
UTime Ltd (WTO) has seen a 10.10% rise in stock performance for the week, with a -7.43% decline in the past month and a -98.00% plunge in the past quarter. The volatility ratio for the week is 13.09%, and the volatility levels for the past 30 days are at 9.92% for WTO. The simple moving average for the last 20 days is 8.97% for WTO stock, with a simple moving average of -95.80% for the last 200 days.
WTO Trading at -95.52% from the 50-Day Moving Average
After a stumble in the market that brought WTO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -99.24% of loss for the given period.
Volatility was left at 9.92%, however, over the last 30 days, the volatility rate increased by 13.09%, as shares sank -9.63% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -98.71% lower at present.
During the last 5 trading sessions, WTO rose by +10.10%, which changed the moving average for the period of 200-days by -92.26% in comparison to the 20-day moving average, which settled at $0.4313. In addition, UTime Ltd saw -93.16% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for WTO
Current profitability levels for the company are sitting at:
- -0.2 for the present operating margin
- 0.05 for the gross margin
The net margin for UTime Ltd stands at -0.27. The total capital return value is set at -0.09. Equity return is now at value -15.67, with -6.63 for asset returns.
Based on UTime Ltd (WTO), the company’s capital structure generated 0.15 points at debt to capital in total, while cash flow to debt ratio is standing at -5.61.
Currently, EBITDA for the company is -28.28 million with net debt to EBITDA at 0.66. When we switch over and look at the enterprise to sales, we see a ratio of 0.39. The receivables turnover for the company is 5.59for trailing twelve months and the total asset turnover is 0.26. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.12.
Conclusion
To wrap up, the performance of UTime Ltd (WTO) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. 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.
