Comparing Wetouch Technology (WETH) & Its Competitors

Wetouch Technology (NASDAQ:WETH) is one of 56 publicly-traded companies in the “COMP – SOFTWARE” industry, but how does it contrast to its rivals? We will compare Wetouch Technology to similar businesses based on the strength of its dividends, risk, institutional ownership, earnings, profitability, analyst recommendations and valuation.

Analyst Ratings

This is a breakdown of recent ratings and recommmendations for Wetouch Technology and its rivals, as reported by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Wetouch Technology	1	0	0	0	1.00
Wetouch Technology Competitors	446	3224	8380	299	2.69

As a group, “COMP – SOFTWARE” companies have a potential upside of 16.86%. Given Wetouch Technology’s rivals stronger consensus rating and higher probable upside, analysts clearly believe Wetouch Technology has less favorable growth aspects than its rivals.

Insider and Institutional Ownership

62.2% of shares of all “COMP – SOFTWARE” companies are held by institutional investors. 25.3% of Wetouch Technology shares are held by company insiders. Comparatively, 12.1% of shares of all “COMP – SOFTWARE” companies are held by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock is poised for long-term growth.

Risk & Volatility

Wetouch Technology has a beta of 0.08, indicating that its stock price is 92% less volatile than the S&P 500. Comparatively, Wetouch Technology’s rivals have a beta of 3.33, indicating that their average stock price is 233% more volatile than the S&P 500.

Profitability

This table compares Wetouch Technology and its rivals’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Wetouch Technology	17.67%	N/A	N/A
Wetouch Technology Competitors	-4.07%	23.67%	7.02%

Valuation and Earnings

This table compares Wetouch Technology and its rivals revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
Wetouch Technology	$42.88 million	$6.03 million	2.81
Wetouch Technology Competitors	$14.72 billion	$4.15 billion	25.93

Wetouch Technology’s rivals have higher revenue and earnings than Wetouch Technology. Wetouch Technology is trading at a lower price-to-earnings ratio than its rivals, indicating that it is currently more affordable than other companies in its industry.

Summary

Wetouch Technology rivals beat Wetouch Technology on 11 of the 13 factors compared.

Wetouch Technology Company Profile

Wetouch Technology Inc. engages in the research, development, manufacture, sale, and servicing of medium to large sized projected capacitive touchscreens in the Peoples Republic of China, Taiwan, South Korea, and internationally. The company offers various touch panels, including glass-glass, which are primarily used in GPS/car entertainment panels in mid-size and luxury cars, industrial human-machine interface (HMI), financial and banking terminals, point of sale, and lottery machines; glass-film-film products that are used in GPS and entertainment panels, industrial HMI, financial and banking terminals, lottery, and gaming industry; plastic-glass for use in GPS/entertainment panels, motor vehicle GPS, smart home products, robots, and charging stations; and glass-films used in industrial HMI. Wetouch Technology Inc. was founded in 2011 and is based in Meishan, China.