Wetouch Technology Inc.
General ticker "WETH" information:
- Sector: Real Estate
- Industry: Real Estate - Services
- Capitalization: $16.2M (TTM average)
Wetouch Technology Inc. follows the US Stock Market performance with the rate: 33.5%.
Estimated limits based on current volatility of 4.8%: low 1.80$, high 1.99$
Factors to consider:
- Total employees count: 124 as of 2020
- Price in estimated range
- Earnings for 9 months up through Q3 exceed our estimates
Stock Forecast*
* forecast is subjective and experimental, should not be used for any investment decisions
Long term estimates were made for the period from 2024-12-31 to 2026-12-31
- 2024-12-31 to 2025-12-31 estimated range: [1.38$, 3.85$]
- 2025-12-31 to 2026-12-31 estimated range: [1.53$, 4.10$]
Financial Metrics affecting the WETH estimates:
- Positive: with PPE of 3.3 at the end of fiscal year the price was very low
- Positive: Operating profit margin, % of 22.04 > 18.47
- Positive: Shareholder equity ratio, % of 97.32 > 64.46
- Positive: 1.87 < Return on assets ratio (scaled to [-100,100]) of 4.50
- Positive: 0.06 < Operating cash flow per share per price, % of 6.29
- Negative: Industry operating profit margin (median), % of -1.96 <= 3.02
- Positive: Inventory ratio change, % of -0.68 <= 0
Short-term WETH quotes
Long-term WETH plot with estimates
Financial data
| YTD | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating Revenue | $37.92MM | $39.71MM | $42.28MM |
| Operating Expenses | $26.51MM | $27.06MM | $32.96MM |
| Operating Income | $11.41MM | $12.65MM | $9.32MM |
| Non-Operating Income | $0.67MM | $-0.30MM | $-0.63MM |
| Interest Expense | $0.22MM | $0.25MM | $1.17MM |
| R&D Expense | $0.09MM | $0.08MM | $0.00MM |
| Income(Loss) | $12.08MM | $12.35MM | $8.69MM |
| Taxes | $3.35MM | $4.08MM | $2.66MM |
| Profit(Loss)* | $8.73MM | $8.26MM | $6.03MM |
| Stockholders Equity | $68.83MM | $112.92MM | $124.59MM |
| Inventory | $0.42MM | $0.22MM | $0.11MM |
| Assets | $73.11MM | $119.64MM | $128.02MM |
| Operating Cash Flow | $8.59MM | $12.72MM | $1.20MM |
| Capital expenditure | $0.00MM | $2.26MM | $0.27MM |
| Investing Cash Flow | $-2.85MM | $-5.88MM | $-0.27MM |
| Financing Cash Flow | $-0.65MM | $39.95MM | $7.45MM |
| Earnings Per Share** | $5.39 | $0.89 | $0.52 |
* Profit(Loss) attributable to entity.
** EPS are Split Adjusted, recent splits may be reflected with a delay.