WETH Should I Buy
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Wetouch Technology Inc (WETH) is not a strong buy for a beginner, long-term investor at this moment. The company's financial performance is mixed, with a significant drop in net income and EPS in the latest quarter, despite revenue growth. Technical indicators are neutral to slightly positive, but no strong trading signals are present. Given the lack of significant positive catalysts and the absence of influential trading activity, it is better to hold off on investing in WETH right now.
The MACD is positive and expanding, indicating a bullish momentum. However, the RSI is at 74.853, which is in the neutral zone, suggesting no clear signal. Moving averages are converging, and the stock is trading near its resistance levels (R1: 1.595, R2: 1.685). Pre-market price is $1.66, up 4.40%, but this is within a short-term range.
FY 2025 net income grew 20% compared to FY 2024.
Net income dropped significantly in the latest quarter to -$171,232, down -255.81% YoY. EPS also declined by -200% YoY, and gross margin dropped by -54.52%. No significant hedge fund or insider trading activity. No recent congress trading data.
In Q4 2025, revenue grew to $5,247,983 (up 44.55% YoY), but net income fell to -$171,232 (-255.81% YoY). EPS dropped to -0.01 (-200% YoY), and gross margin declined to 12.17% (-54.52% YoY). FY 2025 revenue was $45.1 million, up 3.4% from FY 2024, with a net income of $7.2 million, up 20%.
No recent analyst rating or price target changes available.
