company background image
WETH logo

Wetouch Technology NasdaqCM:WETH Stock Report

Last Price

US$1.99

Market Cap

US$23.3m

7D

10.6%

1Y

-87.6%

Updated

02 Oct, 2024

Data

Company Financials

Wetouch Technology Inc.

NasdaqCM:WETH Stock Report

Market Cap: US$23.3m

WETH Stock Overview

Engages in the research, development, manufacture, sale, and servicing of medium to large sized projected capacitive touchscreens in the Peoples Republic of China, Taiwan, South Korea, and internationally.

WETH fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance0/6
Financial Health6/6
Dividends0/6

Wetouch Technology Inc. Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Wetouch Technology
Historical stock prices
Current Share PriceUS$1.99
52 Week HighUS$16.00
52 Week LowUS$1.13
Beta0.013
11 Month Change15.03%
3 Month Change-37.81%
1 Year Change-87.56%
33 Year Change-95.96%
5 Year Changen/a
Change since IPO-98.01%

Recent News & Updates

Recent updates

Wetouch Technology (NASDAQ:WETH) Will Be Hoping To Turn Its Returns On Capital Around

Feb 22
Wetouch Technology (NASDAQ:WETH) Will Be Hoping To Turn Its Returns On Capital Around

Not Many Are Piling Into Wetouch Technology Inc. (NASDAQ:WETH) Stock Yet As It Plummets 52%

Feb 22
Not Many Are Piling Into Wetouch Technology Inc. (NASDAQ:WETH) Stock Yet As It Plummets 52%

Shareholder Returns

WETHUS ElectronicUS Market
7D10.6%-1.0%-0.4%
1Y-87.6%26.8%34.1%

Return vs Industry: WETH underperformed the US Electronic industry which returned 26.8% over the past year.

Return vs Market: WETH underperformed the US Market which returned 34.1% over the past year.

Price Volatility

Is WETH's price volatile compared to industry and market?
WETH volatility
WETH Average Weekly Movement15.3%
Electronic Industry Average Movement6.8%
Market Average Movement6.4%
10% most volatile stocks in US Market14.9%
10% least volatile stocks in US Market3.1%

Stable Share Price: WETH's share price has been volatile over the past 3 months.

Volatility Over Time: WETH's weekly volatility has decreased from 28% to 15% over the past year, but is still higher than 75% of US stocks.

About the Company

FoundedEmployeesCEOWebsite
2011131Zongyi Lianwww.wetouchinc.com

Wetouch Technology Inc. engages in the research, development, manufacture, sale, and servicing of medium to large sized projected capacitive touchscreens in the Peoples Republic of China, Taiwan, South Korea, and internationally. The company offers various touch panels, including glass-glass, which are primarily used in GPS/car entertainment panels in mid-size and luxury cars, industrial human-machine interface (HMI), financial and banking terminals, point of sale, and lottery machines; glass-film-film products that are used in GPS and entertainment panels, industrial HMI, financial and banking terminals, lottery, and gaming industry; plastic-glass for use in GPS/entertainment panels, motor vehicle GPS, smart home products, robots, and charging stations; and glass-films used in industrial HMI. Wetouch Technology Inc. was founded in 2011 and is based in Meishan, China.

Wetouch Technology Inc. Fundamentals Summary

How do Wetouch Technology's earnings and revenue compare to its market cap?
WETH fundamental statistics
Market capUS$23.27m
Earnings (TTM)US$4.06m
Revenue (TTM)US$40.61m

5.9x

P/E Ratio

0.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
WETH income statement (TTM)
RevenueUS$40.61m
Cost of RevenueUS$27.51m
Gross ProfitUS$13.10m
Other ExpensesUS$9.04m
EarningsUS$4.06m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)0.34
Gross Margin32.25%
Net Profit Margin9.99%
Debt/Equity Ratio0.2%

How did WETH perform over the long term?

See historical performance and comparison