For those desiring to outshine the market, the strategic selection of individual stocks is paramount. Well-chosen stocks have the potential to substantially boost your wealth.
The price of Wetouch Technology Inc (NASDAQ: WETH) closed at $1.66 in the last session, down -0.30% from day before closing price of $1.67. In other words, the price has decreased by -$0.30 from its previous closing price. On the day, 0.69 million shares were traded. WETH stock price reached its highest trading level at $1.7 during the session, while it also had its lowest trading level at $1.4805.
Ratios:
We take a closer look at WETH’s different ratios to gain a better understanding of the stock. 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 39.73. 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 19865948 and an Enterprise Value of -78304000. As of this moment, Wetouch’s Price-to-Earnings (P/E) ratio for their current fiscal year is 6.00. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.48 while its Price-to-Book (P/B) ratio in mrq is 0.15. Its current Enterprise Value per Revenue stands at -1.928 whereas that against EBITDA is -9.44.
Stock Price History:
The Beta on a monthly basis for WETH is -0.06, which has changed by -0.45245904 over the last 52 weeks, in comparison to a change of 0.24933672 over the same period for the S&P500. 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 -1.03%, while the 200-Day Moving Average is calculated to be -14.00%.
Shares Statistics:
According to the various share statistics, WETH traded on average about 383.53K shares per day over the past 3-months and 425280 shares per day over the past 10 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 0.36, compared to 1727654400 on 38714. Therefore, it implies a Short% of Shares Outstanding of 151935 and a Short% of Float of 1.28.
