UTime Ltd (NASDAQ: WTO) At $0.16 Is Worth A Gamble

During the last session, UTime Ltd (NASDAQ:WTO)’s traded shares were 2.23 million, with the beta value of the company hitting 0.61. At the end of the trading day, the stock’s price was $0.16, reflecting an intraday loss of -21.74% or -$0.05. The 52-week high for the WTO share is $62.25, that puts it down -38806.25 from that peak though still a striking -12.5% loss since the share price plummeted to a 52-week low of $0.18. The company’s market capitalization is $5.84M, and the average intraday trading volume over the past 10 days was 0.23 million shares, and the average trade volume was 687.09K shares over the past three months.

UTime Ltd (NASDAQ:WTO) trade information

UTime Ltd (WTO) registered a -21.74% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -21.74% in intraday trading to $0.16, hitting a weekly high. The stock’s 5-day price performance is -22.86%, and it has moved by -38.26% in 30 days. Based on these gigs, the overall price performance for the year is -97.00%. The short interest in UTime Ltd (NASDAQ:WTO) is 0.31 million shares and it means that shorts have 1.08 day(s) to cover.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -9.39%.

WTO Dividends

UTime Ltd is due to release its next quarterly earnings in April. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

UTime Ltd (NASDAQ:WTO)’s Major holders

UTime Ltd insiders own 29.90% of total outstanding shares while institutional holders control 1.01%, with the float percentage being 1.44%.

Data provided on Jul 31, 2023 indicates that Fidelity NASDAQ Composite Index ETF owns about 23.01 shares. This amounts to just over 0.17 percent of the company’s overall shares, with a $3727.0 market value.