Wetouch Technology Inc. (WETH)
NASDAQ: WETH · Real-Time Price · USD
1.515
-0.045 (-2.88%)
Feb 21, 2025, 4:00 PM EST - Market closed

Wetouch Technology Statistics

Total Valuation

WETH has a market cap or net worth of $18.08 million. The enterprise value is -$88.23 million.

Market Cap 18.08M
Enterprise Value -88.23M

Important Dates

The next estimated earnings date is Tuesday, March 4, 2025, before market open.

Earnings Date Mar 4, 2025
Ex-Dividend Date n/a

Share Statistics

WETH has 11.93 million shares outstanding. The number of shares has increased by 49.05% in one year.

Current Share Class 11.93M
Shares Outstanding 11.93M
Shares Change (YoY) +49.05%
Shares Change (QoQ) n/a
Owned by Insiders (%) 0.35%
Owned by Institutions (%) 1.30%
Float 11.89M

Valuation Ratios

The trailing PE ratio is 4.41.

PE Ratio 4.41
Forward PE n/a
PS Ratio 0.41
Forward PS n/a
PB Ratio 0.14
P/TBV Ratio 0.14
P/FCF Ratio 30.71
P/OCF Ratio 6.08
PEG Ratio n/a
Financial Ratio History

Enterprise Valuation

EV / Earnings n/a
EV / Sales n/a
EV / EBITDA n/a
EV / EBIT n/a
EV / FCF n/a

Financial Position

The company has a current ratio of 34.75, with a Debt / Equity ratio of 0.00.

Current Ratio 34.75
Quick Ratio 33.73
Debt / Equity 0.00
Debt / EBITDA 0.06
Debt / FCF 0.74
Interest Coverage 6.18

Financial Efficiency

Return on equity (ROE) is 3.20% and return on invested capital (ROIC) is 3.85%.

Return on Equity (ROE) 3.20%
Return on Assets (ROA) 3.70%
Return on Invested Capital (ROIC) 3.85%
Return on Capital Employed (ROCE) 5.77%
Revenue Per Employee $313,162
Profits Per Employee $29,469
Employee Count 131
Asset Turnover 0.32
Inventory Turnover 144.47

Taxes

In the past 12 months, WETH has paid $2.71 million in taxes.

Income Tax 2.71M
Effective Tax Rate 41.28%

Stock Price Statistics

The stock price has decreased by -79.80% in the last 52 weeks. The beta is 0.02, so WETH's price volatility has been lower than the market average.

Beta (5Y) 0.02
52-Week Price Change -79.80%
50-Day Moving Average 1.62
200-Day Moving Average 1.82
Relative Strength Index (RSI) 46.37
Average Volume (20 Days) 250,988

Short Selling Information

The latest short interest is 119,204, so 1.00% of the outstanding shares have been sold short.

Short Interest 119,204
Short Previous Month 151,169
Short % of Shares Out 1.00%
Short % of Float 1.00%
Short Ratio (days to cover) 0.23

Income Statement

In the last 12 months, WETH had revenue of $41.02 million and earned $3.86 million in profits. Earnings per share was $0.34.

Revenue 41.02M
Gross Profit 12.76M
Operating Income 7.48M
Pretax Income 9.37M
Net Income 3.86M
EBITDA 7.49M
EBIT 7.48M
Earnings Per Share (EPS) $0.34
Full Income Statement

Balance Sheet

The company has $106.74 million in cash and $434,576 in debt, giving a net cash position of $106.30 million or $8.91 per share.

Cash & Cash Equivalents 106.74M
Total Debt 434,576
Net Cash 106.30M
Net Cash Per Share $8.91
Equity (Book Value) 129.48M
Book Value Per Share 10.85
Working Capital 116.56M
Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was $2.97 million and capital expenditures -$2.38 million, giving a free cash flow of $588,625.

Operating Cash Flow 2.97M
Capital Expenditures -2.38M
Free Cash Flow 588,625
FCF Per Share $0.05
Full Cash Flow Statement

Margins

Gross margin is 31.09%, with operating and profit margins of 18.24% and 9.41%.

Gross Margin 31.09%
Operating Margin 18.24%
Pretax Margin 16.02%
Profit Margin 9.41%
EBITDA Margin 18.26%
EBIT Margin 18.24%
FCF Margin 1.43%

Dividends & Yields

WETH does not appear to pay any dividends at this time.

Dividend Per Share n/a
Dividend Yield n/a
Dividend Growth (YoY) n/a
Years of Dividend Growth n/a
Payout Ratio n/a
Buyback Yield -49.05%
Shareholder Yield -49.05%
Earnings Yield 21.36%
FCF Yield 3.26%

Analyst Forecast

Price Target n/a
Price Target Difference n/a
Analyst Consensus n/a
Analyst Count n/a
Revenue Growth Forecast (5Y) n/a
EPS Growth Forecast (5Y) n/a

Stock Splits

The last stock split was on September 12, 2023. It was a reverse split with a ratio of 0.05:1.

Last Split Date Sep 12, 2023
Split Type Reverse
Split Ratio 0.05:1

Scores

WETH has an Altman Z-Score of 8.45 and a Piotroski F-Score of 4.

Altman Z-Score 8.45
Piotroski F-Score 4