Wetouch Technology Inc (WETH)

[Millenium323]

EPS based on $13.7 million Net Income and 31 million shares outstanding

31 million shares outstanding
$13.7 million in Net Income
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(Net Income in 2019 was $13.7 million Page 61)
https://www.streetinsider.com/dr/news.php?id=17471582&gfv=1

Wetouch - EPS and PE Ratio

EPS = Earnings divided by shares outstanding

Wetouch had earnings of $13.7 million with 31 million outstanding shares
Then $13.7 million divided by 31 million outstanding shares = EPS of .44

.44 EPS x PE Ratio of 40 = $17.40 share price
.44 EPS x PE Ratio of 30 = $13.20 share price
.44 EPS x PE Ratio of 20 = $8.80 share price
.44 EPS x PE Ratio of 15 = $6.60 share price
.44 EPS x PE Ratio of 10 = $4.40 share price

The average PE in the Tech Sector is in the 20 to 30 range.

Also GLFW has a very low float around 700,000 shares
WeTouch has $18 million in cash
New trading symbol will be WETH