Meiwu Technology Company Limited (NASDAQ:WNW) traded with a subtraction of -$0.02 to $0.14 on Thursday, a downside of -15.62 percent. An average of 2,273,840 shares of common stock have been traded in the last five days. There was a fall of -$0.0237 in the past week, and it reached a new high 14 times over the past 12 months. The last 20 days have seen an average of 696,330 shares traded, while the 50-day average volume stands at 361,192.
WNW stock has decreased by -27.42% in the last month. The company shares reached their 1-month lowest point of $0.1261 on 08/24/23. With the stock rallying to its 52-week high on 02/06/23, shares of the company touched a low of $0.15 and a high of $2.70 in 52 weeks. It has reached a new high 7 times so far this year and lost -29.32% or -$0.0535 in price. In spite of this, the price is down -95.00% from the 52-week high.
Valuation Metrics
Meiwu Technology Company Limited (WNWstock’s beta is 1.71. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.21, the price-to-book (PB) ratio at 0.33.
Financial Health
The quick ratio of Meiwu Technology Company Limited for the recent quarter was 3.50, and the current ratio was 3.60, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.29 and a total debt to equity ratio of 0.30 for the recent quarter. Meiwu Technology Company Limited’s EBITDA margin is -92.08%, while its operating margin for the same period stands at -95.10%. Its gross profit as reported stood at $1.18 million compared to revenue of $10.98 million.
Earnings Surprise
For the recent quarter, Meiwu Technology Company Limited had $0.22 million in total debt. The company posted a net income of -$11.07 million in the quarter, while revenues were grew 100.0%.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Meiwu Technology Company Limited (WNW) price momentum. RSI 9-day as of the close on 23 August was 19.21%, suggesting the stock is oversold, with historical volatility in this time frame at 76.60%.
As of today, WNW’s price is $0.1545 -14.70% or -$0.0237 from its 5-day moving average. WNW is currently trading -22.75% lower than its 20-day SMA and -22.05% lower than its 100-day SMA. However, the stock’s current price level is -25.68% below the SMA50 and -86.52% below the SMA200.
The stochastic %K and %D were 20.39% and 20.88%, respectively, and the average true range (ATR) was 0.0125. With the 14-day stochastic at 19.69% and the average true range at 0.0120, the RSI (14) stands at 23.58%. The stock has reached -0.0087 on the 9-day MACD Oscillator while the 14-day reading was at -0.0133.
