Is Buying Stock In Meiwu Technology Company Limited (WNW) A Good Move Today?

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Meiwu Technology Company Limited (NASDAQ:WNW) saw an upside of 10.27% to close Tuesday at $0.25 after adding $0.02 on the day. The 5-day average trading volume is 2,831,700 shares of the company’s common stock. It has gained $0.2599 in the past week and touched a new high 2 times within the past 5 days. An average of 5,030,900 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,977,960.

WNW’s 1-month performance is -22.14% or $0.0290 on its low of $0.1810 reached on 12/27/22. The company’s shares have touched a 52-week low of $0.18 and high of $3.27, with the stock’s rally to the 52-week high happening on 01/05/23. YTD, WNW has achieved 30.37% or $0.0580 and has reached a new high 3 times. However, the current price is down -92.39% from the 52-week high price.

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Valuation Metrics

Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.05 while the price-to-book (PB) in the most recent quarter is 0.40.

Meiwu Technology Company Limited’s quick ratio for the recent period was 4.10, with the current ratio over the same period at 4.10.. In terms of profitability, the gross margin trailing 12 months is 21.80%. The firm’s gross profit as reported stood at $2.84 million against revenue of $12.26 million.

Earnings Surprise

WNW stock balance sheet for the recent quarter shows that total liabilities totaled 23.01 million, with total debt at $5.63 million.

Let’s look briefly at Meiwu Technology Company Limited (WNW) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 24 January was 37.95% to suggest the stock is trending Neutral, with historical volatility in this time period at 119.08%.

The stock’s 5-day moving average is $0.2304, reflecting a -0.40% or -$0.0010 change from its current price. WNW is currently trading -13.99% above its 20-day SMA, -64.11% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -77.16% and SMA200 by-68.87%.

Stochastic %K and %D was 54.41% and 48.66% and the average true range (ATR) pointed at 0.0766. The RSI (14) points at 37.50%, while the 14-day stochastic is at 70.72% with the period’s ATR at 0.1199. The stock’s 9-day MACD Oscillator is pointing at -0.0043 and -0.0019 on the 14-day charts.

Analyst Ratings

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