Are Smart Investors Making the Right Decision? WeTrade Group Inc. (WETG)

WeTrade Group Inc. (NASDAQ: WETG) stock jumped 1.70% on Monday to $0.39 against a previous-day closing price of $0.38. With 0.79 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.35 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $0.4000 whereas the lowest price it dropped to was $0.3600. The 52-week range on WETG shows that it touched its highest point at $50.50 and its lowest point at $0.23 during that stretch.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of WETG was down-trending over the past week, with a drop of -5.32%, but this was up by 1.17% over a month. Three-month performance dropped to -66.71% while six-month performance fell -97.96%. The stock lost -93.51% in the past year, while it has gained 14.56% so far this year.

Float and Shares Shorts:

At present, 192.77 million WETG shares are outstanding with a float of 62.16 million shares on hand for trading. On Dec 29, 2022, short shares totaled 1.6 million, which was 0.82% higher than short shares on Nov 29, 2022. In addition to Mr. Hechun Wei as the firm’s Chief Exec. Officer, Ms. Annie Huang serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 1.09% of WETG’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 0.88% of WETG, in contrast to 0.21% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in WETG with 0.94% of the stake, Invesco Capital Management LLC holds 1,839,536 shares worth 1,839,536. A second-largest stockholder of WETG, Geode Capital Management LLC, holds 167,134 shares, controlling over 0.09% of the firm’s shares. ExodusPoint Capital Management LP is the third largest shareholder in WETG, holding 30,769 shares or 0.02% stake. With a 0.13% stake in WETG, the Invesco Golden Dragon China ETF is the largest stakeholder. A total of 242,953 shares are owned by the mutual fund manager. The Fidelity Nasdaq Composite Index F, which owns about 0.05% of WETG stock, is the second-largest Mutual Fund holder. It holds 88,233 shares valued at 29999.0. Fidelity Nasdaq Composite Index E holds 0.04% of the stake in WETG, owning 70,822 shares worth 24079.0.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Sep 29, 2022, WETG reported revenue of $1.61M and operating income of -$465.09k. The EBITDA in the recently reported quarter was -$451.40k and diluted EPS was -$0.00.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for WETG since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

Summary of Insider Activity:

Insiders traded WETG stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has remained unchanged to 0 while that of sell transactions has risen to 2 over the past year. The total number of shares bought during that period was 0 while 201,742,879 shares were sold.

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