How WeTrade Group Inc. (WETG) Works From A Technical Perspective

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WeTrade Group Inc. (NASDAQ:WETG) traded with an addition of $0.03 to close at $0.31 on Thursday, an upside of 10.75 percent. An average of 1,359,794 shares of common stock have been traded in the last five days. There was a gain of $0.0706 in the past week, and it reached a new high 27 times over the past 12 months. The last 20 days have seen an average of 1,921,474 shares traded, while the 50-day average volume stands at 1,400,865.

WETG stock has decreased by -68.83% in the last month. The company shares reached their 1-month lowest point of $0.2300 on 12/23/22. With the stock rallying to its 52-week high on 08/05/22, shares of the company touched a low of $0.23 and a high of $50.50 in 52 weeks. It has reached a new high 27 times so far this year and lost -93.02% or -$3.6874 in price. In spite of this, the price is down -99.39% from the 52-week high.


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Valuation Metrics

WeTrade Group Inc. (WETG) has a trailing price-to-sales (P/S) ratio at 3.98, the price-to-book (PB) ratio at 1.27.

Financial Health

The quick ratio of WeTrade Group Inc. for the recent quarter was 11.00, and the current ratio was 11.00, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the recent quarter. Its gross profit as reported stood at $11.7 million compared to revenue of $14.38 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, WeTrade Group Inc.’s return on assets was -27.80%.

Earnings Surprise

At the end of the recent quarter, WeTrade Group Inc.’s stock balance sheet showed total liabilities of 4.04 million. Shareholders own equity worth $195.06 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at WeTrade Group Inc. (WETG) price momentum. RSI 9-day as of the close on 28 December was 24.85%, suggesting the stock is oversold, with historical volatility in this time frame at 282.05%.

As of today, WETG’s price is $0.2855 +29.17% or $0.0706 from its 5-day moving average. WETG is currently trading -64.07% lower than its 20-day SMA and -98.29% lower than its 100-day SMA. However, the stock’s current price level is -77.35% below the SMA50 and -91.77% below the SMA200.

The stochastic %K and %D were 10.28% and 9.61%, respectively, and the average true range (ATR) was 0.0919. With the 14-day stochastic at 13.53% and the average true range at 0.1123, the RSI (14) stands at 27.07%. The stock has reached -0.0588 on the 9-day MACD Oscillator while the 14-day reading was at -0.2049.

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