Wetouch Technology Inc (NASDAQ:WETH) currently has a daily average trading volume of 347.99K but it saw 1851589 shares traded in last market. With a market cap of 21.12M USD, the company’s current market price of $1.77 came rising about 8.59 while comparing to the previous closing price of $1.63. 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 $1.645 while lowest mark touched by it was $1.8.
Taking a look at 20-day trading activity of Wetouch Technology Inc (WETH) gives us an average price of $1.6730, while its current price level is -78.41% below from 52-week high level whereas it is 56.64% 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 $1.6913 while that of 200 days or SMA-200 reads an average of $1.9781. 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 7.43%. 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 55.57 which implies that the stock is in neutral territory.
Over the week, WETH’s stock price is moving 14.19% up while it is 4.12% when we observe its performance for the past one month. Year-to-date it is -65.29% down and over the past year, the stock is showing a downside performance of -85.25%.
The company is expected to be releasing its next quarterly report in February, for which analysts forecasted an EPS of 0 while estimate for next year EPS is 0.
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 6.38. Stock’s beta reads -0.01. Stock has a price to book (P/B) ratio of 0.16 while price to sale or P/S ratio amounts to 0.51. Its return on asset (ROA) is 3.06% on average.
