WETH
Wetouch Technology Inc.
WETH's fundamentals are mixed, but it looks cheap: trading at 1.2x earnings, about a third of its usual 3.2x.
WETH Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Unavailable | |
| Strong |
WETH's profitability and balance sheet are currently healthy, and its revenue is stable. There isn't enough data to rate its cash flow.
WETH PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 1.2x | $0.81 | — |
| Cheap | 1.9x | $1.32 | +63% |
| Fair | 3.2x | $2.22 | +174% |
| Expensive | 5.2x | $3.65 | +351% |
Historical ranges are pointers, not guarantees.
WETH's PE is in its cheap range at 1.2x.
WETH Forward outlook
There aren't enough analyst estimates for WETH to show an outlook.
WETH Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | $0.70 | +11% |
| Q1 2026 | $0.71 | +6% |
| Q4 2025 | $0.60 | +20% |
| Q3 2025 | $0.62 | +121% |
| Q2 2025 | $0.63 | +80% |
| Q1 2025 | $0.67 | +29% |
| Q4 2024 | $0.50 | -43% |
| Q3 2024 | $0.28 | -74% |
WETH's earnings per share have fallen from their peak: $0.70 over the past year, against $5.40 in late 2022.
WETH Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $14M | +13% |
| Q1 2026 | $16.3M | +6.7% |
| Q4 2025 | $5.2M | +45% |
| Q3 2025 | $12.2M | +5.6% |
| Q2 2025 | $12.4M | +1.5% |
| Q1 2025 | $15.3M | +2.8% |
| Q4 2024 | $3.6M | +53% |
| Q3 2024 | $11.5M | +3.7% |
WETH's revenue has grown year over year for eight quarters in a row: $14M last quarter, up 13% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 23% | -2.2 points |
| Q1 2026 | 31% | +5.2 points |
| Q4 2025 | -4.1% | +1.3 points |
| Q3 2025 | 26% | -4.5 points |
| Q2 2025 | 25% | -5.6 points |
| Q1 2025 | 26% | +11 points |
| Q4 2024 | -5.4% | +80 points |
| Q3 2024 | 30% | -8.3 points |
WETH's operating margin was 23% last quarter, down 2.2 points from the same quarter a year ago.
WETH Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2024 | $4.6M | +104% |
| Q2 2024 | $3.9M | -4.1% |
| Q1 2024 | -$9.3M | -443% |
| Q1 2023 | $2.7M | +$4.2M |
| Q1 2022 | -$1.4M | -110% |
WETH generated $12M in free cash flow over the past year, more than ten times what it generated the year before.
WETH Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +2.8% | +336K shares |
| 1 year | +2.8% | +336K shares |
| 3 years | +51% | +4.2M shares |
WETH has 12M diluted shares, up 2.8% from a year ago.
WETH Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | -11.4x | Net Cash |
| Q1 2026 | -10.9x | Net Cash |
| Q4 2023 | -7.6x | Net Cash |
| Q3 2023 | -6.6x | Net Cash |
| Q2 2023 | -6.4x | Net Cash |
| Q1 2023 | -7.5x | Net Cash |
| Q4 2022 | -4.4x | Net Cash |
| Q3 2022 | -3.6x | Net Cash |
WETH has more cash than debt.
WETH Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 36.0 | Neutral |
| Stochastic | 12.1 | Oversold |
WETH's weekly RSI is 36 (neutral) and its Stochastic is 12 (oversold).
WETH PE vs Technology Sector
| Metric | WETH | Sector median | Relative |
|---|---|---|---|
| PE | 1.2x | 28x | 96% below |
| PE % | 1 | 17 | 16 pts below |
WETH is trading at 1.2x earnings, a 96% discount to the Technology sector's median of 28x.
WETH Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $0.92 | 12% below |
| 20 week MA | $1.09 | 26% below |
| 50 week MA | $1.38 | 41% below |
| 100 week MA | $1.37 | 41% below |
WETH is in a downtrend: it's below all four of its weekly moving averages, and 41% below its 100-week average.
WETH Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2024 | $4.77 | $1.64 | -66% |
| 2025 | $1.64 | $1.49 | -9.1% |
| 2026 YTD | $1.49 | $0.81 | -46% |
WETH has finished every year since 2024 lower, and it's down 46% so far in 2026.