Should i invest in wbuy for the long term

Webuy Global Ltd. (WBUY) does not appear to be a promising long-term investment based on the following points:

1. Revenue and Profit Decline: The company has experienced a significant decline in net income, with a growth rate of -34.27% for the second quarter of 2024. This indicates a challenging period for the company, which may impact its long-term financial health.

2. Stock Performance: The stock has hit a 52-week low, trading at $0.11, and has seen its value plummet by 97.62% over the past year. This stark downturn reflects the company's struggles and the uncertain market position it faces.
3. Market Sentiment: The Fear & Greed Index indicates a fear sentiment, with a score of 39, suggesting that investors are cautious and potentially bearish on WBUY. This sentiment could persist if the company does not demonstrate a turnaround strategy.
4. Financial Ratios: The company's financial ratios show a decline in gross profit and operating income, with a negative operating income of -4.52 million for the latest quarter. This indicates that the company is not profitable and is facing significant operational challenges.

5. Industry Challenges: The company operates in a competitive market and has encountered significant headwinds, including increased competition and shifting consumer behaviors. These factors could continue to impact the company's performance in the long term.

In conclusion, the current indicators suggest that Webuy Global Ltd. (WBUY) is not a good long-term investment at this time. The company faces significant challenges that could impact its financial performance and market position in the future. Investors should exercise caution and consider these factors before making an investment decision.