Wetouch Technology (WETH) versus Its Rivals Critical Contrast

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

Analyst Ratings

This is a summary of recent ratings and target prices for Wetouch Technology and its peers, as reported 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	435	3204	8354	294	2.69

As a group, “COMP – SOFTWARE” companies have a potential upside of 14.27%. Given Wetouch Technology’s peers stronger consensus rating and higher probable upside, analysts clearly believe Wetouch Technology has less favorable growth aspects than its peers.

Volatility & Risk

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

Institutional and Insider 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, 12.2% of shares of all “COMP – SOFTWARE” companies are held by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company will outperform the market over the long term.

Profitability

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

	Net Margins	Return on Equity	Return on Assets
Wetouch Technology	N/A	N/A	N/A
Wetouch Technology Competitors	-4.07%	23.68%	7.02%

Earnings and Valuation

This table compares Wetouch Technology and its peers top-line revenue, earnings per share and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
Wetouch Technology	$42.28 million	$6.03 million	2.60
Wetouch Technology Competitors	$14.77 billion	$4.15 billion	26.58

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

Summary

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

About Wetouch Technology

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.