Critical Survey: Wetouch Technology (WETH) and Its Competitors

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

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

Analyst Ratings

This is a summary of current ratings and price targets for Wetouch Technology and its competitors, as provided by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Wetouch Technology	1	0	0	0	1.00
Wetouch Technology Competitors	446	3230	8399	300	2.69

As a group, “COMP – SOFTWARE” companies have a potential upside of 15.81%. Given Wetouch Technology’s competitors stronger consensus rating and higher possible upside, analysts plainly believe Wetouch Technology has less favorable growth aspects than its competitors.

Valuation & Earnings

This table compares Wetouch Technology and its competitors top-line revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
Wetouch Technology	$42.28 million	$6.03 million	2.73
Wetouch Technology Competitors	$14.74 billion	$4.15 billion	26.09

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

Risk & Volatility

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

Profitability

This table compares Wetouch Technology and its competitors’ 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%

Summary

Wetouch Technology competitors 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.