Wetouch Technology Inc

Company Profile

Wetouch Technology Inc had its IPO on under the ticker symbol WETH.

The company operates in the Real Estate sector and Real Estate Services industry. Wetouch Technology Inc has a staff strength of 130 employees.

Stock update

Shares of Wetouch Technology Inc opened at $11.42 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $7.29 - $12.47, and closed at $11.2.

This is a +1667.68% increase from the previous day's closing price.

A total volume of 474 shares were traded at the close of the day’s session.

In the last one week, shares of Wetouch Technology Inc have increased by +1766.67%.

Wetouch Technology Inc's Key Ratios

Wetouch Technology Inc has a market cap of $0, indicating a price to book ratio of 0 and a price to sales ratio of 0.

In the last 12-months Wetouch Technology Inc’s revenue was $40.38 million with a gross profit of $18.43 million and an EBITDA of $13.83 million. The EBITDA ratio measures Wetouch Technology Inc's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, Wetouch Technology Inc’s operating margin was 34.24% while its return on assets stood at 9.04% with a return of equity of 12.18%.

In Q3, Wetouch Technology Inc’s quarterly earnings growth was a negative -77.8% while revenue growth was a positive 8.7%.

Wetouch Technology Inc’s PE and PEG Ratio

Forward PE

0

Trailing PE

1.6484

PEG

Its diluted EPS in the last 12-months stands at $0.364 per share while it has a forward price to earnings multiple of 0 and a PEG multiple of . A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Wetouch Technology Inc’s profitability.

Wetouch Technology Inc stock is trading at a EV to sales ratio of 0 and a EV to EBITDA ratio of 0. Its price to sales ratio in the trailing 12-months stood at 0.

Wetouch Technology Inc stock pays annual dividends of $0 per share, indicating a yield of 0% and a payout ratio of 0%.

Balance sheet and cash flow metrics

Total Assets

$72.00 million

Total Liabilities

$5.42 million

Operating Cash Flow

$0

Capital Expenditure

$0

Dividend Payout Ratio

0%

Wetouch Technology Inc ended 2024 with $72.00 million in total assets and $0 in total liabilities. Its intangible assets were valued at $72.00 million while shareholder equity stood at $65.49 million.

Wetouch Technology Inc ended 2024 with $0 in deferred long-term liabilities, $5.42 million in other current liabilities, 1126439.00 in common stock, $63.39 million in retained earnings and $0 in goodwill. Its cash balance stood at $45.55 million and cash and short-term investments were $45.55 million. The company’s total short-term debt was $1,935,010 while long-term debt stood at $0.

Wetouch Technology Inc’s total current assets stands at $61.41 million while long-term investments were $0 and short-term investments were $0. Its net receivables were $14.28 million compared to accounts payable of $1.41 million and inventory worth $405183.00.

In 2024, Wetouch Technology Inc's operating cash flow was $0 while its capital expenditure stood at $0.

Comparatively, Wetouch Technology Inc paid $0 in dividends in 2024.

Other key metrics

Current Trading Price

$11.2

52-Week High

$12.468

52-Week Low

$0.081

Analyst Target Price

$

Wetouch Technology Inc stock is currently trading at $11.2 per share. It touched a 52-week high of $12.468 and a 52-week low of $12.468. Analysts tracking the stock have a 12-month average target price of $.

Its 50-day moving average was $0.73 and 200-day moving average was $0.37 The short ratio stood at 0 indicating a short percent outstanding of 0%.

Around 43.3% of the company’s stock are held by insiders while 0% are held by institutions.