Meiwu Technology Company Ltd (WNW) Down -70.30% From Its 52-Week High, But Growth Potential Is Changing Over Time

Meiwu Technology Company Ltd (NASDAQ:WNW) currently has a daily average trading volume of 1.03M but it saw 14892943 shares traded in last market. With a market cap of 209.09M USD, the company’s current market price of $3.30 came rising about 7.84 while comparing to the previous closing price of $3.06. In past 52 weeks, the stock remained buoying in the range of price level as high as $11.11 and as low as $0.71. In the recent trading on the day, stock has struck highest price mark of $2.9454 while lowest mark touched by it was $3.5.

Taking a look at 20-day trading activity of Meiwu Technology Company Ltd (WNW) gives us an average price of $2.07, while its current price level is -70.30% below from 52-week high level whereas it is 364.79% 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 $1.35 while that of 200 days or SMA-200 reads an average of $1.04. A closer look into the stock’s movement over the week reveals that its volatility is standing at 33.47% during that period while stretching the period over a month that decreases to 25.82%. 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 77.34 which implies that the stock is in overbought territory.

Over the week, WNW’s stock price is moving 58.65% up while it is 195.96% when we observe its performance for the past one month. Year-to-date it is 58.65% up and over the past year, the stock is showing an upside performance of 8.20%.

Currently, Meiwu Technology Company Ltd’s total number of outstanding shares is 63.36M. Company’s return on investment (ROI) stands at -176.88% and return on equity (ROE) at -94.56%. Stock’s beta reads 0.85. Stock has a price to book (P/B) ratio of 1.06 while price to sale or P/S ratio amounts to 550.24. Its return on asset (ROA) is -56.04% on average.