Webus International (NASDAQ:WETO) Stock Price Up 24.8% – Should You Buy?

Webus International Limited (NASDAQ:WETO)’s stock price rose 24.8% on Wednesday . The company traded as high as $0.77 and last traded at $0.73. Approximately 871,494 shares changed hands during mid-day trading, an increase of 928% from the average daily volume of 84,787 shares. The stock had previously closed at $0.5848.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Webus International in a research note on Friday, March 27th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Webus International Trading Up 15.1%

The stock’s fifty day moving average is $0.55 and its 200-day moving average is $0.69.

Webus International shares are going to reverse split on Tuesday, June 2nd. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Monday, June 1st.

Webus International (NASDAQ:WETO) last announced its quarterly earnings results on Tuesday, April 28th. The company reported ($0.04) earnings per share (EPS) for the quarter. The company had revenue of $0.68 million for the quarter.

Webus International Company Profile

Webus International Ltd. operates as a holding company. It engages in the provision of mobility solutions with artificial intelligence augmented online support and itinerary management support. The firm offers commute shuttle, customized chartered bus, packaged tour, and other services to customers. The company was founded on February 10, 2022 and is headquartered in Hangzhou, China.