Why UTime Ltd (NASDAQ: WTO) At $0.66 Is Worth Your Money?

UTime Ltd (NASDAQ:WTO) does about 2.18M shares in volume on a normal day but saw 6560663 shares change hands in the recent trading day. The company now has a market cap of 11.91M USD. Its current market price is $0.66, marking a decrease of -14.17% compared to the previous close of $0.77. The 52 week high reached by this stock is $62.25 whilst the lowest price level in 52 weeks is $0.74.

UTime Ltd (WTO) has a 20-day trading average at $20.0194 and the current price is -98.94% off the 52-week high compared with -10.91% distance from its 52-week low. The 50-day simple moving average of the closing price is $24.4911 and its 200-day simple moving average is $11.9494. If we look at the stock’s price movements over the week, volatility stands at 30.04%, which increases to 237.06% 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 30.47 to suggest the stock is neutral.

The current price level is -97.00%, -97.35%, and -94.49% 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 -60.00% over the week and -98.19% over the past month. Its price is -90.40% year-to-date and -93.05% over the past year.

The company has a return on investment of -16.18% and return on equity of -15.67%. The beta has a value of 0.87. Price to book ratio is 5.09 and price to sales ratio is 0.50.