Wetouch Technology (WETH) & Its Competitors Critical Contrast

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

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%

Volatility & Risk

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

Analyst Recommendations

This is a summary of current ratings and target prices 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	3222	8379	298	2.69

As a group, “COMP – SOFTWARE” companies have a potential upside of 16.22%. Given Wetouch Technology’s rivals stronger consensus rating and higher possible upside, analysts plainly believe Wetouch Technology has less favorable growth aspects than its rivals.

Institutional and Insider Ownership

62.2% of shares of all “COMP – SOFTWARE” companies are owned by institutional investors. 25.3% of Wetouch Technology shares are owned by insiders. Comparatively, 12.0% of shares of all “COMP – SOFTWARE” companies are owned by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company is poised for long-term growth.

Valuation & 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	$42.28 million	$6.03 million	3.40
Wetouch Technology Competitors	$14.75 billion	$4.15 billion	26.12

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.