WeBuy Global (NASDAQ:WBUY) Shares Down 0.1% – Here’s Why

Shares of WeBuy Global Ltd. (NASDAQ:WBUY) were down 0.1% on Thursday . The stock traded as low as $0.7125 and last traded at $0.7676. 25,441 shares changed hands during trading, a decline of 92% from the average daily volume of 308,184 shares. The stock had previously closed at $0.7686.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of WeBuy Global from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, May 15th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, WeBuy Global currently has a consensus rating of “Sell”.

WeBuy Global Stock Up 2.8%

The stock has a 50 day moving average of $0.99 and a two-hundred day moving average of $1.14.

WeBuy Global (NASDAQ:WBUY) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $1.00 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.20 by ($0.20). The firm had revenue of $4.86 million for the quarter, compared to analyst estimates of $67.20 million.

WeBuy Global Company Profile

WeBuy Global Holdings Ltd (NASDAQ: WBUY) is a Cayman Islands–registered e-commerce company that operates a vertically integrated platform for sourcing, marketing and distributing consumer goods to both international and domestic markets. The company is primarily engaged in two business segments: cross-border e-commerce, which focuses on selling factory-direct and overstock products to overseas consumers, and domestic distribution and wholesale, which provides supply-chain and bulk-sales services to retailers and third-party platforms within China.

In its cross-border e-commerce segment, WeBuy Global leverages proprietary online channels and partnerships with major global marketplaces to offer categories such as home and kitchen appliances, furniture and home décor, personal care items and small electronics.