UTime Ltd (NASDAQ: WTO) – Time For Strategy Change?

UTime Ltd (NASDAQ:WTO) currently has a daily average trading volume of 3.29M but it saw 356602 shares traded in last market. With a market cap of 8.77M USD, the company’s current market price of $0.34 came rising about 0.26 while comparing to the previous closing price of $0.34. In past 52 weeks, the stock remained buoying in the range of price level as high as $62.25 and as low as $0.30. In the recent trading on the day, stock has struck highest price mark of $0.3305 while lowest mark touched by it was $0.3602.

Taking a look at 20-day trading activity of UTime Ltd (WTO) gives us an average price of $0.3597, while its current price level is -99.45% below from 52-week high level whereas it is 13.67% 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 $0.4117 while that of 200 days or SMA-200 reads an average of $10.5285. A closer look into the stock’s movement over the week reveals that its volatility is standing at 6.04% during that period while stretching the period over a month that increases to 9.96%. 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 32.20 which implies that the stock is in neutral territory.

Over the week, WTO’s stock price is moving -0.29% down while it is -24.14% when we observe its performance for the past one month. Year-to-date it is -95.04% down and over the past year, the stock is showing a downside performance of -94.19%.

Currently, UTime Ltd’s total number of outstanding shares is 392.11M. Company’s return on investment (ROI) stands at -16.18% and return on equity (ROE) at -15.67%. Stock’s beta reads 0.58. Stock has a price to book (P/B) ratio of 2.63 while price to sale or P/S ratio amounts to 0.37. Its return on asset (ROA) is -6.63% on average.