Comparing Wetouch Technology (WETH) and Its Competitors

Wetouch Technology (NASDAQ:WETH) is one of 56 publicly-traded companies in the “COMP – SOFTWARE” industry, but how does it compare to its peers? We will compare Wetouch Technology to similar companies based on the strength of its earnings, dividends, risk, valuation, profitability, analyst recommendations and institutional ownership.

Profitability

This table compares Wetouch Technology and its peers’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Wetouch Technology	N/A	N/A	N/A
Wetouch Technology Competitors	-4.07%	23.67%	7.02%

Risk and Volatility

Wetouch Technology has a beta of 0.08, suggesting that its stock price is 92% less volatile than the S&P 500. Comparatively, Wetouch Technology’s peers have a beta of 3.33, suggesting that their average stock price is 233% more volatile than the S&P 500.

Insider & Institutional Ownership

62.2% of shares of all “COMP – SOFTWARE” companies are held by institutional investors. 25.3% of Wetouch Technology shares are held by insiders. Comparatively, 12.1% of shares of all “COMP – SOFTWARE” companies are held by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company will outperform the market over the long term.

Analyst Recommendations

This is a breakdown of current ratings and price targets for Wetouch Technology and its peers, as provided by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Wetouch Technology	1	0	0	0	1.00
Wetouch Technology Competitors	445	3219	8368	296	2.69

As a group, “COMP – SOFTWARE” companies have a potential upside of 14.18%. Given Wetouch Technology’s peers stronger consensus rating and higher possible upside, analysts clearly believe Wetouch Technology has less favorable growth aspects than its peers.

Valuation and Earnings

This table compares Wetouch Technology and its peers revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
Wetouch Technology	$42.28 million	$6.03 million	3.30
Wetouch Technology Competitors	$14.77 billion	$4.15 billion	26.69

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

Summary

Wetouch Technology peers beat Wetouch Technology on 11 of the 13 factors compared.

About Wetouch Technology

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. The company offers various touch panels, including 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 products that are used in GPS and entertainment panels, industrial HMI, financial and banking terminals, lottery, and gaming industry; plastic-glass for use in GPS/entertainment panels, motor vehicle GPS, smart home products, robots, and charging stations; and glass-films used in industrial HMI. Wetouch Technology Inc. was founded in 2011 and is based in Meishan, China.