Wunong Net Technology stock hits 52-week low at $0.49

Published 15/01/2025, 15:34
Wunong Net Technology stock hits 52-week low at $0.49

Wunong Net Technology Co Ltd (WNW) shares have tumbled to a 52-week low, trading at just $0.49. According to InvestingPro data, this represents a stark decline from the 52-week high of $11.11, with the stock currently trading below its Fair Value. This latest price point marks a significant downturn for the company, which has seen its stock value decrease by 75% over the past year. While the company maintains impressive gross profit margins of 45.29% and holds more cash than debt on its balance sheet, investors have been cautious due to rapid cash burn and broader market challenges. InvestingPro analysis reveals 13 additional key insights about WNW's financial health and market position. The steep decline to this new low underscores the volatility that WNW has experienced, with a current market capitalization of $31.69 million and a concerning negative EBITDA of -$2.12 million, as shareholders and potential investors reassess the company's prospects moving forward.

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