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The closing price of Wetouch Technology Inc (NASDAQ: WETH) was $1.71 for the day, down -3.66% from the previous closing price of $1.77. In other words, the price has decreased by -$3.66 from its previous closing price. On the day, 0.68 million shares were traded. WETH stock price reached its highest trading level at $1.9 during the session, while it also had its lowest trading level at $1.63.
Ratios:
Our analysis of WETH’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 0.19 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 40.80. For the most recent quarter (mrq), Quick Ratio is recorded 34.60 and its Current Ratio is at 34.75. In the meantime, Its Debt-to-Equity ratio is 0.00 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 20402866 and an Enterprise Value of -78304000. As of this moment, Wetouch’s Price-to-Earnings (P/E) ratio for their current fiscal year is 6.16. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.50 while its Price-to-Book (P/B) ratio in mrq is 0.16. Its current Enterprise Value per Revenue stands at -1.928 whereas that against EBITDA is -9.44.
Stock Price History:
Over the past 52 weeks, WETH has reached a high of $8.20, while it has fallen to a 52-week low of $1.13. The 50-Day Moving Average of the stock is -6.61%, while the 200-Day Moving Average is calculated to be -27.35%.
Shares Statistics:
WETH traded an average of 275.27K shares per day over the past three months and 297250 shares per day over the past ten days. A total of 11.93M shares are outstanding, with a floating share count of 11.89M. Insiders hold about 0.35% of the company’s shares, while institutions hold 0.31% stake in the company. Shares short for WETH as of 1730332800 were 151935 with a Short Ratio of 0.55, compared to 1727654400 on 38714. Therefore, it implies a Short% of Shares Outstanding of 151935 and a Short% of Float of 1.28.
