Wetouch Technology Inc (NASDAQ:WETH) currently has a daily average trading volume of 284.42K but it saw 430487 shares traded in last market. With a market cap of 20.40M USD, the company’s current market price of $1.71 came falling about -5.00 while comparing to the previous closing price of $1.80. In past 52 weeks, the stock remained buoying in the range of price level as high as $8.20 and as low as $1.13. In the recent trading on the day, stock has struck highest price mark of $1.42 while lowest mark touched by it was $1.87.
Taking a look at 20-day trading activity of Wetouch Technology Inc (WETH) gives us an average price of $1.6587, while its current price level is -79.15% below from 52-week high level whereas it is 51.33% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $1.8279 while that of 200 days or SMA-200 reads an average of $2.3126. A closer look into the stock’s movement over the week reveals that its volatility is standing at 15.99% during that period while stretching the period over a month that decreases to 11.74%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 48.95 which implies that the stock is in neutral territory.
Over the week, WETH’s stock price is moving 2.40% up while it is -6.56% when we observe its performance for the past one month. Year-to-date it is -66.47% down and over the past year, the stock is showing a downside performance of -78.60%.
Currently, Wetouch Technology Inc’s total number of outstanding shares is 11.93M. Company’s return on investment (ROI) stands at 2.98% and return on equity (ROE) at 3.20%. It has a price to earnings ratio (P/E ratio) of 6.16. Stock’s beta reads -0.02. Stock has a price to book (P/B) ratio of 0.16 while price to sale or P/S ratio amounts to 0.50. Its return on asset (ROA) is 3.06% on average.
