Should Investors Trust The Upside Potential In Meiwu Technology Company Ltd (WNW)?

Meiwu Technology Company Ltd (NASDAQ:WNW) currently has a daily average trading volume of 2.22M but it saw 9179306 shares traded in last market. With a market cap of 19.52M USD, the company’s current market price of $0.31 came falling about -20.50 while comparing to the previous closing price of $0.39. In past 52 weeks, the stock remained buoying in the range of price level as high as $11.11 and as low as $0.31. In the recent trading on the day, stock has struck highest price mark of $0.28 while lowest mark touched by it was $0.338.

Taking a look at 20-day trading activity of Meiwu Technology Company Ltd (WNW) gives us an average price of $2.1098, while its current price level is -97.23% below from 52-week high level whereas it is -0.65% 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 $1.4269 while that of 200 days or SMA-200 reads an average of $1.0498. A closer look into the stock’s movement over the week reveals that its volatility is standing at 66.47% during that period while stretching the period over a month that decreases to 37.43%. 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 31.40 which implies that the stock is in neutral territory.

Over the week, WNW’s stock price is moving -90.67% down while it is -80.87% when we observe its performance for the past one month. Year-to-date it is -85.19% down and over the past year, the stock is showing a downside performance of -91.89%.

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, Meiwu Technology Company Ltd’s total number of outstanding shares is 63.36M with 33.15% of that held by the insiders while 0.74% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -176.88% and return on equity (ROE) at -94.56%. Stock’s beta reads 0.87. Stock has a price to book (P/B) ratio of 0.10 while price to sale or P/S ratio amounts to 51.37. Its return on asset (ROA) is -56.04% on average.