UTime Ltd (WTO): Are Investors Missing The Big Picture?

UTime Ltd (NASDAQ:WTO) does about 45.62M shares in volume on a normal day but saw 131962882 shares change hands in the recent trading day. The company now has a market cap of 18.04M USD. Its current market price is $0.04, marking a decrease of -15.97% compared to the previous close of $0.05. The 52 week high reached by this stock is $2.49 whilst the lowest price level in 52 weeks is $0.05.

UTime Ltd (WTO) has a 20-day trading average at $1.0198 and the current price is -98.39% off the 52-week high compared with -13.23% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.0231 and its 200-day simple moving average is $0.4813. If we look at the stock’s price movements over the week, volatility stands at 23.03%, which increases to 235.61% 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 30.69 to suggest the stock is neutral.

The current price level is -96.33%, -96.14%, and -91.71% away from its SMA20, SMA50, and SMA200 respectively, with the WTO price moving above the 50-day SMA on current market day. UTime Ltd (WTO) stock is down -51.16% over the week and -96.67% over the past month. Its price is -85.45% year-to-date and -88.77% over the past year.

Outstanding shares total 392.11M with insiders holding 1.00% of the shares and institutional holders owning 0.02% of the company’s common stock. The company has a return on investment of -16.18% and return on equity of -15.67%. The beta has a value of 0.89. Price to book ratio is 0.31 and price to sales ratio is 0.75.