Last Updated: 19 Sep 2024
Executive Summary
Meiwu Technology Co Ltd (WNW) is a Chinese online retailer of food products. The company has been experiencing financial challenges, with negative earnings and profitability metrics. Its stock price has declined significantly in recent months, and it currently trades at $0.84.
Company Overview
Meiwu Technology was founded in 2006 and is headquartered in Shenzhen, China. The company operates an online platform that offers a wide range of food products, including fresh produce, meat, seafood, and packaged goods. Meiwu also provides logistics and delivery services to its customers.
Fundamental Analysis
Revenue: Meiwu's revenue has been declining in recent quarters. In the latest quarter (ended June 30, 2024), the company reported revenue of $109.8 million, a decrease of 0.97% year-over-year.
Earnings: Meiwu has been reporting negative earnings for several quarters. In the latest quarter, the company reported a net loss of $13.3 million, or a loss per share of $6.19.
Profitability: Meiwu's profitability metrics are weak. The company's gross profit margin is 25.9%, and its operating margin is -5.3%.
Balance Sheet: Meiwu's balance sheet is relatively weak. The company has a high level of debt and a low level of cash.
Technical Analysis
Price Action: Meiwu's stock price has been in a downtrend for the past year. The stock has broken below several key support levels and is currently trading near its 52-week low.
Moving Averages: Meiwu's 50-day moving average is $0.879, and its 200-day moving average is $1.583. The stock is currently trading below both of these moving averages.
Relative Strength Index (RSI): Meiwu's RSI is currently at 30.68, which indicates that the stock is oversold.
Short Term Outlook
Meiwu's short-term outlook is bearish. The stock is in a downtrend and is trading below its key moving averages. The RSI is also indicating that the stock is oversold.
Long Term Outlook
Meiwu's long-term outlook is uncertain. The company is facing significant financial challenges, and it is unclear if it will be able to turn its business around.
Analyst Recommendations
No analyst recommendations are available for Meiwu Technology Co Ltd.
