Wetouch Technology (WETH) vs. Its Rivals Critical Analysis

Institutional and Insider 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, 12.2% 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 stock is poised for long-term growth.

Volatility & Risk

Wetouch Technology has a beta of 0.07, suggesting that its share price is 93% less volatile than the S&P 500. Comparatively, Wetouch Technology’s rivals have a beta of 3.33, suggesting that their average share price is 233% more volatile than the S&P 500.

Earnings & Valuation

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

	Gross Revenue	Net Income	Price/Earnings Ratio
Wetouch Technology	$42.28 million	$6.03 million	2.58
Wetouch Technology Competitors	$14.72 billion	$4.15 billion	33.44

Wetouch Technology’s rivals have higher revenue and earnings than Wetouch Technology. Wetouch Technology is trading 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 Wetouch Technology and its rivals’ 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%	23.68%	7.02%

Summary

Wetouch Technology rivals beat Wetouch Technology on 7 of the 9 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.