Volatility Is Your Friend: UTime Ltd (WTO) Is Hot Again

UTime Ltd (NASDAQ:WTO) does about 245.45K shares in volume on a normal day but saw 601843 shares change hands in the recent trading day. The company now has a market cap of 1.01B USD. Its current market price is $2.23, marking an increase of 6.19% compared to the previous close of $2.10. The 52 week high reached by this stock is $2.37 whilst the lowest price level in 52 weeks is $0.13.

UTime Ltd (WTO) has a 20-day trading average at $1.54 and the current price is -5.91% off the 52-week high compared with 1653.14% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.12 and its 200-day simple moving average is $0.49. If we look at the stock’s price movements over the week, volatility stands at 18.75%, which decreases to 18.42% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 72.49 to suggest the stock is overbought.

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The current price level is 49.34%, 105.14%, and 364.53% away from its SMA20, SMA50, and SMA200 respectively, with the WTO price moving below the 50-day SMA on current market day. UTime Ltd (WTO) stock is up 54.86% over the week and 106.48% over the past month. Its price is 710.91% year-to-date and 390.11% over the past year.

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The company has a return on investment of -16.18% and return on equity of -15.67%. The beta has a value of 0.97. Price to book ratio is 17.18 and price to sales ratio is 41.90.

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