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Wetouch Technology Inc (NASDAQ: WETH) closed the day trading at $2.59 down -26.63% from the previous closing price of $3.53. In other words, the price has decreased by -$26.63 from its previous closing price. On the day, 2.36 million shares were traded. WETH stock price reached its highest trading level at $3.62 during the session, while it also had its lowest trading level at $1.82.
Ratios:
For a better understanding of WETH, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 0.28 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 2.79. For the most recent quarter (mrq), Quick Ratio is recorded 24.49 and its Current Ratio is at 24.56. In the meantime, Its Debt-to-Equity ratio is 0.01 whereas as Long-Term Debt/Eq ratio is at 0.00.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, WETH now has a Market Capitalization of 30902672 and an Enterprise Value of -78736280. As of this moment, Wetouch’s Price-to-Earnings (P/E) ratio for their current fiscal year is 4.09. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.72 while its Price-to-Book (P/B) ratio in mrq is 0.23. Its current Enterprise Value per Revenue stands at -1.836 whereas that against EBITDA is -7.605.
Stock Price History:
The Beta on a monthly basis for WETH is 0.33, which has changed by 0.6289308 over the last 52 weeks, in comparison to a change of 0.19088471 over the same period for the S&P500. Over the past 52 weeks, WETH has reached a high of $3.68, while it has fallen to a 52-week low of $0.76. The 50-Day Moving Average of the stock is 75.93%, while the 200-Day Moving Average is calculated to be 108.57%.
Shares Statistics:
Over the past 3-months, WETH traded about 252.10K shares per day on average, while over the past 10 days, WETH traded about 678030 shares per day. A total of 11.93M shares are outstanding, with a floating share count of 11.92M. Insiders hold about 0.13% of the company’s shares, while institutions hold 2.45% stake in the company. Shares short for WETH as of 1760486400 were 69495 with a Short Ratio of 0.28, compared to 1757894400 on 4245. Therefore, it implies a Short% of Shares Outstanding of 69495 and a Short% of Float of 0.58.
