Wetouch Technology Inc [NASDAQ: WETH] stock went on a downward path that fall over -6.40% on Wednesday, amounting to a one-week price decrease of less than -13.28%.
Over the last 12 months, WETH stock dropped by -69.30%.
The market cap for the stock reached $18.31 million, with 11.93 million shares outstanding and 11.89 million shares in the current float. Compared to the average trading volume of 292.63K shares, WETH stock reached a trading volume of 260431 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Wetouch Technology Inc [WETH]:
The Average True Range (ATR) for Wetouch Technology Inc is set at 0.14, with the Price to Sales ratio for WETH stock in the period of the last 12 months amounting to 0.45. The Price to Book ratio for the last quarter was 0.14, with the Price to Cash per share for the same quarter was set at 8.95. Price to Free Cash Flow for WETH in the course of the last twelve months was 36.63 with Quick ratio for the last quarter at 34.60.
WETH Stock Performance Analysis:
Wetouch Technology Inc [WETH] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -13.28. With this latest performance, WETH shares dropped by -7.25% in over the last four-week period, additionally sinking by -29.26% over the last 6 months – not to mention a drop of -69.30% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for WETH stock in for the last two-week period is set at 40.83, with the RSI for the last a single of trading hit 36.21, and the three-weeks RSI is set at 43.35 for Wetouch Technology Inc [WETH]. The present Moving Average for the last 50 days of trading for this stock 1.6740, while it was recorded at 1.6580 for the last single week of trading, and 1.9084 for the last 200 days.
Insight into Wetouch Technology Inc Fundamentals:
Wetouch Technology Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 34.60 and a Current Ratio set at 34.75.
