Volatility Is Your Friend: Webuy Global Ltd (WBUY) Is Hot Again

Webuy Global Ltd (NASDAQ:WBUY) does about 6.68M shares in volume on a normal day but saw 1347245 shares change hands in the recent trading day. The company now has a market cap of 11.52M USD. Its current market price is $0.14, marking a decrease of -3.89% compared to the previous close of $0.14. The 52 week high reached by this stock is $14.30 whilst the lowest price level in 52 weeks is $0.11.

Webuy Global Ltd (WBUY) has a 20-day trading average at $0.1271 and the current price is -99.05% off the 52-week high compared with 25.93% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.1324 and its 200-day simple moving average is $0.3419. If we look at the stock’s price movements over the week, volatility stands at 12.88%, which increases to 13.32% 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 51.42 to suggest the stock is neutral.

The consensus objective for the share price is $0.85, suggesting that the stock has a potential upside of 83.53% over the period.

The current price level is 7.64%, 2.26%, and -60.78% away from its SMA20, SMA50, and SMA200 respectively, with the WBUY price moving below the 50-day SMA on current market day. Webuy Global Ltd (WBUY) stock is up 4.58% over the week and 13.05% over the past month. Its price is -73.34% year-to-date.

The company’s next earnings report forecasts estimating quarterly EPS at 0 and 0 for whole year.

To reach the target analysts have set, the stock logically needs to grow 83.53 percent from here.

The company has a return on investment of -57.86% and return on equity of -345.89%. Price to book ratio is 2.00 and price to sales ratio is 0.18.