WeBuy Global (NASDAQ:WBUY) Shares Down 0.1% – Time to Sell?

Shares of WeBuy Global Ltd. (NASDAQ:WBUY) traded down 0.1% during trading on Thursday . The stock traded as low as $0.7125 and last traded at $0.7676. Approximately 25,441 shares changed hands during trading, a decline of 92% from the average session volume of 308,184 shares. The stock had previously closed at $0.7686.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of WeBuy Global from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, May 15th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

WeBuy Global Price Performance

The business’s fifty day moving average is $1.01 and its two-hundred day moving average is $1.15.

WeBuy Global (NASDAQ:WBUY) last issued its earnings results on Wednesday, April 29th. The company reported $1.00 EPS for the quarter, missing the consensus estimate of $1.20 by ($0.20). The business had revenue of $4.86 million during the quarter, compared to analyst estimates of $67.20 million.

About WeBuy Global

WeBuy Global Holdings Ltd (NASDAQ: WBUY) is a Cayman Islands–registered e-commerce company that operates a vertically integrated platform for sourcing, marketing and distributing consumer goods to both international and domestic markets. The company is primarily engaged in two business segments: cross-border e-commerce, which focuses on selling factory-direct and overstock products to overseas consumers, and domestic distribution and wholesale, which provides supply-chain and bulk-sales services to retailers and third-party platforms within China.

In its cross-border e-commerce segment, WeBuy Global leverages proprietary online channels and partnerships with major global marketplaces to offer categories such as home and kitchen appliances, furniture and home décor, personal care items and small electronics.