The stock price of Wetouch Technology Inc (NASDAQ: WETH) has jumped by 5.03 compared to previous close of 1.59. Despite this, the company has seen a gain of 4.70% 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 6.02x, which is above its average ratio. Moreover, the 36-month beta value for WETH is -0.08. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for WETH is 11.89M and currently, short sellers hold a 2.49% of that float. On January 29, 2025, WETH’s average trading volume was 301.33K shares.
WETH’s Market Performance
The stock of Wetouch Technology Inc (WETH) has seen a 4.70% increase in the past week, with a 1.21% rise in the past month, and a -5.38% fall in the past quarter. The volatility ratio for the week is 7.79%, and the volatility levels for the past 30 days are at 8.72% for WETH. The simple moving average for the past 20 days is -0.18% for WETH’s stock, with a -10.52% simple moving average for the past 200 days.
WETH Trading at -0.77% 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 -79.63% of loss for the given period.
Volatility was left at 8.72%, however, over the last 30 days, the volatility rate increased by 7.79%, as shares surge +1.83% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.74% upper at present.
During the last 5 trading sessions, WETH rose by +4.70%, which changed the moving average for the period of 200-days by -16.50% in comparison to the 20-day moving average, which settled at $1.6730. In addition, Wetouch Technology Inc saw -5.65% 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 -2.12. 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
To wrap up, the performance of Wetouch Technology Inc (WETH) has been mixed 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.
