WeBuy Global (NASDAQ:WBUY) Trading Down 1.7% – Time to Sell?

WeBuy Global Ltd. (NASDAQ:WBUY)’s stock price fell 1.7% on Friday . The stock traded as low as $1.1550 and last traded at $1.19. 11,466 shares were traded during mid-day trading, a decline of 99% from the average session volume of 1,511,814 shares. The stock had previously closed at $1.21.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised shares of WeBuy Global from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, WeBuy Global presently has an average rating of “Sell”.

WeBuy Global Stock Performance

The business’s 50 day simple moving average is $1.11 and its 200 day simple moving average is $1.43.

WeBuy Global (NASDAQ:WBUY) last issued its earnings results on Wednesday, April 29th. The company reported $1.00 EPS for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.20). The business had revenue of $4.86 million for the quarter, compared to the consensus estimate of $67.20 million.

About WeBuy Global

WeBuy Global Holdings Ltd (NASDAQ: WBUY) is a Cayman Islands–registered e-commerce company that operates a vertically integrated platform for sourcing, marketing and distributing consumer goods to both international and domestic markets. The company is primarily engaged in two business segments: cross-border e-commerce, which focuses on selling factory-direct and overstock products to overseas consumers, and domestic distribution and wholesale, which provides supply-chain and bulk-sales services to retailers and third-party platforms within China.

In its cross-border e-commerce segment, WeBuy Global leverages proprietary online channels and partnerships with major global marketplaces to offer categories such as home and kitchen appliances, furniture and home décor, personal care items and small electronics.