Wetouch Technology Inc (NASDAQ: WETH) has experienced a rise in its stock price by 2.09 compared to its previous closing price of 1.60. However, the company has seen a fall of -17.55% in its stock price over the last five trading days. accessnewswire.com reported 2025-01-23 that Collaboration Projected to Contribute Additional $5 Million in Sales for 2025 Strong Cash Balance of $106 Million ($8.91 per share) Highlights Financial Strength CHENGDU, CHINA / ACCESS Newswire / January 23, 2025 / WeTouch Technology Inc. (NASDAQ:WETH), a global leader in high-quality touch display solutions, today announced its entry into the South Korean market through a strategic partnership with a leading South Korea-based electronics manufacturer. As part of this collaboration, WeTouch will produce and supply advanced touchscreen components, while the partner will customize and finalize the products to address specific customer needs in the region.
Is It Worth Investing in Wetouch Technology Inc (NASDAQ: WETH) Right Now?
The price-to-earnings ratio for Wetouch Technology Inc (NASDAQ: WETH) is above average at 5.87x. The 36-month beta value for WETH is also noteworthy at -0.08. 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 1.27% of that float. The average trading volume of WETH on January 23, 2025 was 289.15K shares.
WETH’s Market Performance
The stock of Wetouch Technology Inc (WETH) has seen a -17.55% decrease in the past week, with a -1.31% drop in the past month, and a -14.29% fall in the past quarter. The volatility ratio for the week is 10.30%, and the volatility levels for the past 30 days are at 8.36% for WETH. The simple moving average for the past 20 days is -2.73% for WETH’s stock, with a -13.08% simple moving average for the past 200 days.
WETH Trading at -3.05% 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 -80.14% of loss for the given period.
Volatility was left at 8.36%, however, over the last 30 days, the volatility rate increased by 10.30%. Over the last 50 days, in opposition, the stock is trading +5.19% upper at present.
During the last 5 trading sessions, WETH fell by -17.97%, which changed the moving average for the period of 200-days by -20.98% in comparison to the 20-day moving average, which settled at $1.6738. In addition, Wetouch Technology Inc saw -8.00% 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:
- 0.18 for the present operating margin
- 0.31 for the gross margin
The net margin for Wetouch Technology Inc stands at 0.09. The total capital return value is set at -0.0. Equity return is now at value 3.20, with 3.06 for asset returns.
Currently, EBITDA for the company is 12.66 million with net debt to EBITDA at -13.95. When we switch over and look at the enterprise to sales, we see a ratio of -2.13. The receivables turnover for the company is 4.2for trailing twelve months and the total asset turnover is 0.31. The liquidity ratio also appears to be rather interesting for investors as it stands at 34.75.
Conclusion
In summary, Wetouch Technology Inc (WETH) has had a bad 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.
