Wetouch Technology Inc (NASDAQ:WETH) shares, rose in value, with the stock price up by 2.64% to the previous day’s close as strong demand from buyers drove the stock to $1.48.
Actively observing the price movement in the recent trading, the stock is buoying the session at $1.44, falling within a range of $1.41 and $1.56. The value of beta (5-year monthly) is 0.021 whereas the PE ratio is 5.33 over 12-month period. Referring to stock’s 52-week performance, its high was $3.62, and the low was $1.13. On the whole, WETH has fluctuated by -1.33% over the past month.
With the market capitalization of Wetouch Technology Inc currently standing at about $17.66 million, investors are eagerly awaiting this quarter’s results, scheduled for on 1996-Jun-09.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that WETH’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of WETH currently trading nearly 5.23% and -1.06% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 53.56, while the 7-day volatility ratio is showing 5.23% which for the 30-day chart, stands at 7.59%. Furthermore, Wetouch Technology Inc (WETH)’s beta value is -0.35, and its average true range (ATR) is 0.10.
A comparison of Wetouch Technology Inc (WETH) with its peers suggests the former has fared considerably weaker in the market. WETH showed an intraday change of 2.64% in today’s session so far, and over the past year, it shrunk by -63.46%%.
Data on historical trading for Wetouch Technology Inc (NASDAQ:WETH) indicates that the trading volumes over the past 10 days have averaged 79070.0 and over the past 3 months, they’ve averaged 254.09K. According to company’s latest data on outstanding shares, there are 11.93 million shares outstanding.
Nearly 0.35% of Wetouch Technology Inc’s shares belong to company insiders and institutional investors own 1.42% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 61186.0 shares as on 2025-03-14, resulting in a short ratio of 0.62. According to the data, the short interest in Wetouch Technology Inc (WETH) stood at 51.00 of shares outstanding as of 2025-03-14; the number of short shares registered in 2025-02-14 reached 0.11 million. The stock has fallen by -16.38% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the WETH stock heading into the next quarter.
