The 52-week high and low prices can offer valuable insights into a stock’s current standing and prospects for future performance. Wetouch Technology Inc’s current trading price is -77.20% away from its 52-week high, while its distance from the 52-week low is 65.49%. The stock’s price range for this period has been between $1.13 and $8.20 The company’s shares, which are part of the Real Estate sector, had a trading volume of approximately 0.51 million for the day, a number notably higher than the average daily volume of 0.32 million over the last three months.
Wetouch Technology Inc saw a rather unpredictable run in, in terms of market performance. The company’s stock reached its highest point at $8.20 on 02/13/24, while the lowest price for the same duration was marked at $1.13 on 05/13/24.
Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
Wetouch Technology Inc (WETH) has experienced a quarterly rise of 1.08% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 22.31M and boasts a workforce of 131 employees.
Analyzing Trading Volume and Moving Average Trends
Based on Barchart.com data, the company’s moving average over the 100-day period was 1.7521, with a change in price of +0.0400. Similarly, Wetouch Technology Inc recorded 243,015 in trading volume during the last 100 days, posting a change of +2.19%.
Understanding Ticker ‘s Debt-to-Equity Ratio: An Analysis
The debt-to-equity (D/E) ratio serves as an important indicator of a company’s financial stability and market position. By dividing a company’s total liabilities by its shareholders’ equity, the D/E ratio reveals the degree to which a company relies on debt to finance assets compared to its shareholders’ equity. At the time of writing, the total D/E ratio for WETH stands at 0.00. Similarly, the long-term debt-to-equity ratio is also 0.00.
WETH Stock Stochastic Average
As of today, Wetouch Technology Inc’s raw stochastic average for the last 50 days stands at 31.47%. This is a decline compared to the raw stochastic average of the previous 20 days, which was noted at 88.24%. Furthermore, the company’s Stochastic %K and %D values for the past 20 days were 62.09% and 54.90%, respectively.
WETH Stock Price Performance Analysis
A mixed performance in the stock price over the year has left investors with either an optimistic or pessimistic outlook, depending on their point of view. The index has shown a price loss of -63.33% this year. Over the last six months, there has been a stronger performance of -26.38%. The price of WETH fallen by 12.65% during the last 30 days period. For the last 5-days stocks have improved 11.98%.
