Financial analysis: Wetouch Technology (WETH) compared to its competitors


Wetouch Technology (OTCMKTS:WETH – Get Rating) is one of 52 publicly traded companies in the “security brokers and resellers” industry, but how does it compare to its competitors? We will compare Wetouch Technology to related companies based on strength of institutional ownership, analyst recommendations, risk, dividends, profitability, valuation and earnings.

Volatility and risk

Wetouch Technology has a beta of -0.94, meaning its stock price is 194% less volatile than the S&P 500. Comparatively, Wetouch Technology’s rivals have a beta of 1.61, meaning their average price is 61% more volatile than the S&P 500. .

Analyst Recommendations

This is a summary of current recommendations and price targets for Wetouch Technology and its rivals, as reported by MarketBeat.com.

Sales Ratings Hold odds Buy reviews Strong buy odds Rating
Wetouch technology 0 0 0 0 N / A
Wetouch technology competitors 395 1851 2073 42 2.40

As a group, the Securities Brokers and Dealers companies have an upside potential of 53.15%. Since Wetouch Technology’s rivals have higher upside potential, analysts clearly believe that Wetouch Technology has less favorable growth aspects than its rivals.

Benefits and evaluation

This table compares the revenue, earnings per share and valuation of Wetouch Technology and its rivals.

Gross revenue Net revenue Price/earnings ratio
Wetouch technology $40.79 million $17.39 million 1.83
Wetouch technology competitors $7.16 billion $1.51 billion 10.50

Wetouch Technology’s competitors have higher revenue and profit than Wetouch Technology. Wetouch Technology trades at a lower price-to-earnings ratio than its rivals, indicating that it is currently more affordable than other companies in its industry.

Profitability

This table compares the net margins, return on equity and return on assets of Wetouch Technology and its competitors.

Net margins Return on equity return on assets
Wetouch Technology 27.55% N / A N / A
Wetouch technology competitors 12.91% 17.13% 5.26%

Institutional and Insider Ownership

72.7% of Wetouch Technology shares are held by institutional investors. By comparison, 58.4% of the shares of all securities brokers and dealers are held by institutional investors. 25.3% of Wetouch Technology shares are held by insiders. By comparison, 24.9% of the shares of all securities brokers and dealers are held by insiders. Strong institutional ownership indicates that endowments, large fund managers, and hedge funds believe a stock will outperform the market over the long term.

Summary

Wetouch Technology’s rivals beat Wetouch Technology on 7 of the 10 factors compared.

About Wetouch technology (Get a rating)

Wetouch Technology Inc. is engaged in the research, development, manufacture, sale and service of medium to large size projected capacitive touch screens in the People’s Republic of China, Taiwan, South Korea and abroad. Its product portfolio includes medium to large-sized projected capacitive touchscreens, which range from 7.0-inch to 42-inch screens. The Company offers glass-to-glass, which is mainly used in GPS/car entertainment panels of 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 mainly used in high-end GPS and entertainment panels, industrial HMIs, financial and banking terminals, lotteries and gaming industry; plastic-glass, which is used in motor vehicle GPS/entertainment panels, smart home, robots and charging stations; and Glass-Film which are used in industrial HMIs. Its products are also used in financial terminals, automotive, point of sale, gaming, lottery, medical, HMI and other specialty industries. The company was founded in 2011 and is based in Meishan, China.



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Sarah J. Greer