UTime Ltd (NASDAQ:WTO) price on current trading day, fall -1.49% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $0.32.
A look at the stock’s price movement, the close in the last trading session was $0.33, moving within a range at $0.312 and $0.3301. The beta value (5-Year monthly) was 0.68. Turning to its 52-week performance, $62.25 and $0.30 were the 52-week high and 52-week low respectively. Overall, WTO moved -13.03% over the past month.
UTime Ltd’s market cap currently stands at around $8.36 million, with investors looking forward to this quarter’s earnings report slated for in January.
Turning to the stock’s technical picture we see that short term indicators suggest on average that WTO is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
WTO’s current price about -6.39% and -17.05% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 33.17, while 7-day volatility ratio is 12.68% and 11.19% in the 30-day chart. Further, UTime Ltd (WTO) has a beta value of 0.59, and an average true range (ATR) of 0.09.
If we refocus on UTime Ltd (NASDAQ:WTO), historical trading data shows that trading volumes averaged 0.59 over the past 10 days and 1.89 million over the past 3 months. The company’s latest data on shares outstanding shows there are 392.11 million shares.
The 29.88% of UTime Ltd’s shares are in the hands of company insiders while institutional holders own 1.01% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 0.25 million on 2024-11-15, giving us a short ratio of 0.27. The data shows that as of 2024-11-15 short interest in UTime Ltd (WTO) stood at 95.999995 of shares outstanding, with shares short falling to 0.87 million registered in 2024-10-15. Current price change has pushed the stock -95.27% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the WTO stock continues to rise going into the next quarter.
