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Wunong Net Technology Co Ltd (WNW) stock has plummeted to a 52-week low, trading at $1.52, as the company grapples with a staggering 1-year change of -91.9%. The decline is part of a broader deterioration in performance, with revenue falling 98% and the stock trading at just 0.29 times book value. InvestingPro analysis indicates the stock is currently in oversold territory. This significant drop reflects a tumultuous period for the online retailer, which has seen its market value erode to $2.7 million, despite maintaining a healthy current ratio of 2.64 and gross profit margins of 45%. The 52-week low serves as a critical benchmark for the company, marking the lowest price point the stock has reached in the last year and underscoring the challenges WNW faces in a competitive and rapidly evolving e-commerce landscape. According to InvestingPro Fair Value analysis, the stock appears undervalued at current levels, with 16 additional key insights available to subscribers.
In other recent news, Meiwu Technology Company Limited announced a 1 for 20 reverse stock split of its ordinary shares, approved by the board and set to take effect on April 1, 2025. This corporate action will consolidate every 20 existing shares into one new share, reducing the total number of outstanding shares from approximately 63.3 million to about 3.2 million. The reverse split is intended to increase the market price of Meiwu Technology’s shares, although there is no guarantee that the post-split share price will reflect the reverse split ratio. Additionally, Meiwu Technology has received a notification from Nasdaq regarding non-compliance with the minimum bid price requirement, as its share price remained below $1.00 for 30 consecutive business days. To regain compliance, the company must raise its share price to at least $1.00 for 10 consecutive business days before August 26, 2025. If it fails to do so, it could face delisting, but it may receive an additional 180 days to comply if other listing standards are met. The company has not disclosed further plans to address the Nasdaq compliance issue.
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