Last Updated: 14 Sep 2024
Executive Summary
WEBUY GLOBAL LTD. (WBUY) is a Cayman Islands-based company that operates as an online retailer of consumer products in the United States. The company's stock price has been on a downward trend in recent years, and it currently trades at $0.12.
Company Overview
WEBUY GLOBAL LTD. was founded in 2009 and is headquartered in Grand Cayman, Cayman Islands. The company sells a wide range of products, including electronics, apparel, home goods, and beauty products. WEBUY GLOBAL LTD. operates through a network of websites and mobile applications.
Fundamental Analysis
WEBUY GLOBAL LTD.'s financial performance has been weak in recent years. The company has reported losses in each of the past five years. In 2023, the company reported a net loss of $44.1 million on revenue of $61.7 million.
WEBUY GLOBAL LTD.'s financial ratios are also weak. The company has a negative EBITDA margin and a negative return on assets. The company's debt-to-equity ratio is also high.
Technical Analysis
WEBUY GLOBAL LTD.'s stock price has been on a downward trend in recent years. The stock price has fallen from a high of $11.11 in 2021 to a low of $0.108 in 2023. The stock price is currently trading at $0.12.
The technical indicators are bearish for WEBUY GLOBAL LTD. The stock price is below its 50-day and 200-day moving averages. The relative strength index (RSI) is also below 30, which indicates that the stock is oversold.
Short Term Outlook
The short-term outlook for WEBUY GLOBAL LTD. is negative. The stock price is below its 50-day and 200-day moving averages, and the RSI is below 30. This indicates that the stock is likely to continue to decline in the short term.
Long Term Outlook
The long-term outlook for WEBUY GLOBAL LTD. is also negative. The company has reported losses in each of the past five years, and its financial ratios are weak. This indicates that the company is likely to continue to struggle in the long term.
Analyst Recommendations
Analysts are bearish on WEBUY GLOBAL LTD. The consensus analyst rating is "sell." The average analyst target price is $0.85.
