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NASDAQ: WETH
Wetouch Technology Inc Stock

$2.25+0.37 (+19.68%)
Updated May 17, 2024
WETH Price
$2.25
Fair Value Price
N/A
Market Cap
$26.85M
52 Week Low
$1.13
52 Week High
$5.70
P/E
2.53x
P/B
0.24x
P/S
N/A
PEG
N/A
Dividend Yield
N/A
Revenue
$39.71M
Earnings
$8.26M
Gross Margin
43.3%
Operating Margin
31.73%
Profit Margin
20.8%
Debt to Equity
0.06
Operating Cash Flow
$13M
Beta
0.62
Next Earnings
N/A
Ex-Dividend
N/A
Next Dividend
N/A

WETH Overview

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. Its product portfolio comprises medium to large sized projected capacitive touchscreens, which range from 7.0 inch to 42-inch screens. The company offers 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, which are primarily used in high-end GPS and entertainment panels, industrial HMI, financial and banking terminals, lottery, and gaming industry; Plastic-Glass, which are used in GPS/entertainment panels motor vehicle GPS, smart home, robots, and charging stations; and Glass-Film that are used in industrial HMI. Its products are also used in financial terminals, automotive, POS, gaming, lottery, medical, HMI, and other specialized industries. The company was founded in 2011 and is based in Meishan, China.

Zen Score

Industry Average (23)
You've viewed Zen Score for 10/10 free stocks. Upgrade to Premium to see how WETH scored across 33 valuation, financial, forecast, performance, and dividend due diligence checks.

Due Diligence Checks

WETH was unprofitable, so we are unable to calculate its intrinsic value according to an updated version of Benjamin Graham's Formula from "The Intelligent Investor"
Below Benjamin Graham Formula Value Valuation
WETH is good value based on its earnings relative to its share price (2.53x), compared to the US market average (30.97x)
P/E vs Market Valuation
WETH is good value based... subscribe to Premium to read more.
P/E vs Industry Valuation
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WETH News

Valuation

WETH price to earnings (PE)

For valuing profitable companies with steady earnings
Company
2.53x
Industry
59.61x
Market
30.97x
WETH is good value based... subscribe to Premium to read more.
P/E vs Industry Valuation
WETH is good value based... subscribe to Premium to read more.
P/E vs Market Valuation

WETH price to book (PB)

For valuing companies that are loss-making or have lots of physical asset
Company
0.24x
Industry
2.7x
WETH is good value based... subscribe to Premium to read more.
P/B vs Industry Valuation

WETH's financial health

Profit margin

Revenue
$2.4M
Net Income
-$2.1M
Profit Margin
-86.8%
WETH's Earnings (EBIT) of $12.60M... subscribe to Premium to read more.
Interest Coverage Financials
WETH's profit margin has decreased... subscribe to Premium to read more.
Profit Margin Growth Financials

Assets to liabilities

Assets
$119.6M
Liabilities
$6.7M
Debt to equity
0.06
WETH's short-term assets ($106.78M) exceed... subscribe to Premium to read more.
Short-term Liabilities Financials
WETH's short-term assets ($106.78M) exceed... subscribe to Premium to read more.
Long-term Liabilities Financials
WETH's debt relative to shareholder... subscribe to Premium to read more.
Shrinking Debt Financials
WETH's debt to equity ratio... subscribe to Premium to read more.
Healthy Debt to Equity Financials

Cash flow

Operating
$3.7M
Investing
-$2.3M
Financing
$0.0
WETH's operating cash flow ($12.72M)... subscribe to Premium to read more.
Debt Coverage Financials

WETH vs Real Estate Service Stocks

TickerMarket Cap1d %P/EP/B
WETH$26.85M+19.68%2.53x0.24x
NYC$21.33M+0.36%-0.18x0.10x
LRHC$18.97M+6.67%-0.88x3.40x
FTHM$37.11M+9.88%-1.25x0.71x
LODE$38.29M+16.39%3.46x0.52x

Wetouch Technology Stock FAQ

What is Wetouch Technology's quote symbol?

(NASDAQ: WETH) Wetouch Technology trades on the NASDAQ under the ticker symbol WETH. Wetouch Technology stock quotes can also be displayed as NASDAQ: WETH.

If you're new to stock investing, here's how to buy Wetouch Technology stock.

What is the 52 week high and low for Wetouch Technology (NASDAQ: WETH)?

(NASDAQ: WETH) Wetouch Technology's 52-week high was $5.70, and its 52-week low was $1.13. It is currently -60.53% from its 52-week high and 99.12% from its 52-week low.

How much is Wetouch Technology stock worth today?

(NASDAQ: WETH) Wetouch Technology currently has 11,931,534 outstanding shares. With Wetouch Technology stock trading at $2.25 per share, the total value of Wetouch Technology stock (market capitalization) is $26.85M.

Wetouch Technology stock was originally listed at a price of $1.74 in Dec 15, 2020. If you had invested in Wetouch Technology stock at $1.74, your return over the last 3 years would have been 29.31%, for an annualized return of 8.95% (not including any dividends or dividend reinvestments).

How much is Wetouch Technology's stock price per share?

(NASDAQ: WETH) Wetouch Technology stock price per share is $2.25 today (as of May 17, 2024).

What is Wetouch Technology's Market Cap?

(NASDAQ: WETH) Wetouch Technology's market cap is $26.85M, as of May 18, 2024.

Market cap (market capitalization) is the total market value of a publicly traded company's outstanding shares.

Wetouch Technology's market cap is calculated by multiplying WETH's current stock price of $2.25 by WETH's total outstanding shares of 11,931,534.
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