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Model output · Signal date 2026-10-16

Wetouch Technology Inc. (WETH) Stock Forecast Oct. 16, 2026

Analysis updated on Oct. 16, 2026 (UTC) · Alpha · vs marketSwitch to Total · Nasdaq

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Rating · 90D ▲ Bullish Exact rating locked
90-day forecast Sign up free to reveal
30-day forecast Alpha
Rank in coverage Top 35% of 5172 stocks scored
Rank correlation · 90D 30.0% Spearman, 275 dates
Market Cap $44M small-cap · #14 of 17 peers
Summary

Wetouch Technology Inc. (WETH) stock forecast summary

Our AI ranks Wetouch Technology Inc. outside the neutral middle of its coverage (a directional signal). Create a free account and follow it to see the exact price target.

Wetouch Technology Inc. is a small-cap company with a market capitalization of $44M. It ranks number 14 by market capitalization among the 17 Computer Peripheral Equipment, NEC issuers in our coverage with a current forecast. Its P/B Ratio of 0.30x is the lowest of the 16 peers that report one. Its Current Ratio of 35.99x is the highest of the 17 peers that report one.

For WETH, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 30.0%, measured on 275 forecast dates between 2024-02-23 and 2026-07-17 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is 35.0%, measured on 318 forecast dates between 2024-02-23 and 2026-09-16. Across our coverage, the out-of-sample test on 4495 stocks from 2025-01-06 to 2026-07-07 produced a positive net return in 82.5% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report

Expected return relative to the market over the horizon: a positive alpha means the model expects the stock to beat the market, whatever the market does. Ratings: strong buy ≥ +1.8%, buy ≥ +0.2%, sell < -0.9%, strong sell < -1.2% (top 15%, next 20%, middle 30%, next 20%, bottom 15% of the 2026-10-16 signals)

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Price

WETH price chart and AI forecast

WETH
Cross-section · 2026-10-16

How WETH ranks among 5172 stocks

90D Alpha forecasts of every company scored, cut into five relative ratings at the 15th, 35th, 65th and 85th percentiles (dashed lines).

Fundamentals · 2026-06-30

Wetouch Technology Inc. (WETH) fundamentals

Trailing twelve months. The industry median and the rank (1 = highest) are taken over the Computer Peripheral Equipment, NEC peers listed below that report each metric.

Valuation & Market

MetricWETHIndustry medianRank
Market Cap $44M $167M 14/17
P/E Ratio 2.63x 51.97x 7/7
P/B Ratio 0.30x 1.77x 16/16
EPS $0.38 – –
Book Value/Share $3.35 – –

Profitability & Margins

MetricWETHIndustry medianRank
ROE 7.5% -5.8% 3/11
ROA 7.3% -4.2% 3/12
ROIC 10.0% 0.4% 4/13
Gross Margin 35.0% 43.2% 9/12
Operating Margin 27.2% -0.0% 2/14
Net Margin 20.3% -5.7% 2/12
EBT Margin 27.6% 0.6% 2/14
Tax Rate 25.7% – –

Financial Health

MetricWETHIndustry medianRank
Current Ratio 35.99x 2.14x 1/17
Quick Ratio 35.99x 1.39x 1/15
D/E Ratio 0.03x 0.77x 16/16
Financial Leverage 1.03x 1.77x 16/16
Interest Coverage 2.0x 0.2x 6/12
Working Capital $134M $109M 7/17

Cash Flow

MetricWETHIndustry medianRank
Operating Cash Flow $19M $15M 7/15

Operational Efficiency

MetricWETHIndustry medianRank
Inventory Turnover 3800.7x 3.8x 1/11
Days Inventory 0 days 97 days 11/11
Payables Period 9 days 47 days 10/10

Income Statement

MetricWETHIndustry medianRank
Operating Income $15M $15K 6/14
Net Income $11M -$4M 3/12
SG&A Expense $3M $115M 13/13
Cost of Goods Sold $35M $35M 6/11

Dividend & Shareholder Information

MetricWETHIndustry medianRank
Shares Outstanding 44M – –
Net Income Growth 29.2% – –

Balance Sheet Highlights (USD millions)

Total Current Assets$138M90.8% of assets
Cash & Short-term Investments$128M84.0% of assets
Accounts Receivable$9M6.1% of assets
Inventory$10K0.0% of assets
Total Liabilities$4M2.5% of assets
Short-term Debt$3M2.0% of assets
Quarterly Financial Reports

WETH quarterly financials and insider trading

Industry Peers · Computer Peripheral Equipment, NEC

Wetouch Technology Inc. (WETH) industry peers

Companies classified under the same SEC industry code as Wetouch Technology Inc. (Computer Peripheral Equipment, NEC): 17 common-stock issuers with a forecast this week, one row per issuer, largest first. This is a classification match, not a curated list of competitors.

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Company 90-Day AI Forecast (Alpha) Market Cap P/E Ratio P/B Ratio
WETH Wetouch Technology Inc. ▲ $44M 2.6x 0.3x
FTNT Fortinet, Inc. ▲ $124.09B 63.3x 80.0x
LOGI Logitech International S.A. ▶ $14.95B 19.2x 6.4x
CRSR Corsair Gaming, Inc. ▶ $1.38B 127.9x 2.1x
EVLV Evolv Technologies Holdings, Inc. ▶ $753M – 6.3x
MITK Mitek Systems Inc ▲ $727M 52.0x 2.9x
SSYS Stratasys Ltd. ▶ $593M – 0.7x
XRX Xerox Holdings Corp ▲ $324M – 1.0x
IMMR Immersion Corp ▶ $231M 5.5x 0.8x
RDCM Radcom Ltd ▼ $167M 67.2x 1.5x
LINK Interlink Electronics Inc ▲ $65M – 7.2x
YIBO Planet Image International Ltd ▲ $63M – 1.1x
INVE Inve Technologies, Inc. ▼ $54M – 0.4x
TACT Transact Technologies Inc ▲ $47M – 1.5x
VTIX Virtuix Holdings Inc. ▶ $27M – –
MYND Mynd.Ai, Inc. ▲ $12M – 2.1x
AIMD Ainos, Inc. ▼ $7M – 2.1x

Where WETH sits on the market map

Technology · Computer Peripheral Equipment, NEC
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News

Wetouch Technology Inc. (WETH) stock news

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FAQ

Wetouch Technology Inc. (WETH) stock forecast FAQ

What is the Wetouch Technology Inc. (WETH) stock forecast?

Our AI ranks Wetouch Technology Inc. outside the neutral middle of its coverage (a directional signal). Create a free account and follow it to see the exact price target.

How accurate are Wetouch Technology Inc. stock predictions?

For WETH, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 30.0%, measured on 275 forecast dates between 2024-02-23 and 2026-07-17 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is 35.0%, measured on 318 forecast dates between 2024-02-23 and 2026-09-16. Across our coverage, the out-of-sample test on 4495 stocks from 2025-01-06 to 2026-07-07 produced a positive net return in 82.5% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report

How often are Wetouch Technology Inc. forecasts updated?

Wetouch Technology Inc. forecasts are refreshed on trading days as the daily model run completes. The forecast on this page was produced on Oct. 16, 2026.

Which companies are Wetouch Technology Inc.'s industry peers?

17 issuers in our coverage, WETH included, share the SEC industry code Computer Peripheral Equipment, NEC. The largest are: Fortinet, Inc. (FTNT), Logitech International S.A. (LOGI), Corsair Gaming, Inc. (CRSR), Evolv Technologies Holdings, Inc. (EVLV), Mitek Systems Inc (MITK), Stratasys Ltd. (SSYS).

This analysis is generated automatically using our proprietary AI systems and should not be considered personalized investment advice. Past performance does not guarantee future results. Always conduct your own research and consider consulting a financial advisor before making investment decisions.