WeTrade Group Inc. (NASDAQ: WETG) kicked off on May 19, 2023, at the price of $0.0513, down -18.58% from the previous trading day. During the day, the shares moved up to $0.0525 and dropped to $0.0406 before settling in for the closing price of $0.05. Over the past 52 weeks, WETG has traded in a range of $0.03-$50.50.
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While this was happening, its average annual earnings per share was recorded 92.70%. With a float of $62.16 million, this company’s outstanding shares have now reached $192.77 million.
Let’s determine the extent of company efficiency that accounts for 76 employees. In terms of profitability, gross margin is +81.10, operating margin of +41.68, and the pretax margin is +43.79.
WeTrade Group Inc. (WETG) Insider Activity
Our next focus will be how large-scale investors are participating in this stock of the Software – Application Industry. The insider ownership of WeTrade Group Inc. is 68.13%, while institutional ownership is 1.10%.
WeTrade Group Inc. (WETG) Earnings and Forecasts
This company achieved a net margin of +35.99 while generating a return on equity of 44.19.
According to the Wall Street analysts, stocks earnings will be around 92.70% per share during the next fiscal year.
WeTrade Group Inc. (NASDAQ: WETG) Trading Performance Indicators
Take a look at WeTrade Group Inc.’s (WETG) current performance indicators. Last quarter, stock had a quick ratio of 11.00. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.82.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.04
Technical Analysis of WeTrade Group Inc. (WETG)
Looking closely at WeTrade Group Inc. (NASDAQ: WETG), its last 5-days average volume was 93.16 million, which is a jump from its year-to-date volume of 9.84 million. As of the previous 9 days, the stock’s Stochastic %D was 41.27%. Additionally, its Average True Range was 0.02.
During the past 100 days, WeTrade Group Inc.’s (WETG) raw stochastic average was set at 1.25%, which indicates a significant decrease from 17.94% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 210.12% in the past 14 days, which was higher than the 183.59% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.1741, while its 200-day Moving Average is $1.3989. However, in the short run, WeTrade Group Inc.’s stock first resistance to watch stands at $0.0498. Second resistance stands at $0.0571. The third major resistance level sits at $0.0617. If the price goes on to break the first support level at $0.0379, it is likely to go to the next support level at $0.0333. Should the price break the second support level, the third support level stands at $0.0260.
WeTrade Group Inc. (NASDAQ: WETG) Key Stats
The company with the Market Capitalisation of 10.08 million has total of 195,033K Shares Outstanding. Its annual sales at the moment are 14,380 K in contrast with the sum of 5,180 K annual income. Company’s last quarter sales were recorded 5,353 K and last quarter income was -8,657 K.
