The price-to-earnings ratio for Greenland Technologies Holding Corp (NASDAQ: GTEC) is above average at 10.03x, Company’s 36-month beta value is 1.35.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for GTEC is 7.18M, and currently, short sellers hold a 0.03% ratio of that floaft. The average trading volume of GTEC on April 18, 2024 was 36.43K shares.
GTEC) stock’s latest price update
Greenland Technologies Holding Corp (NASDAQ: GTEC)’s stock price has gone decline by -20.31 in comparison to its previous close of 1.92, however, the company has experienced a -19.90% decrease in its stock price over the last five trading days. Seeking Alpha reported 2023-11-20 that Greenland Technologies Holding Corporation (NASDAQ:GTEC ) Q3 2023 Earnings Call Transcript November 20, 2023 8:00 AM ET Company Participants Josh Centanni – Director of Investor Relations Raymond Wang – Chief Executive Officer Jing Jin – Chief Financial Officer Conference Call Participants Theodore O’Neill – Litchfield Hills Research Graham Mattison – Water Tower Research Rommel Dionisio – Aegis Capital Operator Good day, and thank you for standing by. Welcome to the Greenland Technologies Reports Third Quarter 2023 Unaudited Financial Results Conference Call.
GTEC’s Market Performance
GTEC’s stock has fallen by -19.90% in the past week, with a monthly drop of -35.44% and a quarterly drop of -54.60%. The volatility ratio for the week is 5.88% while the volatility levels for the last 30 days are 8.84% for Greenland Technologies Holding Corp The simple moving average for the past 20 days is -26.05% for GTEC’s stock, with a -42.25% simple moving average for the past 200 days.
Analysts’ Opinion of GTEC
Many brokerage firms have already submitted their reports for GTEC stocks, with Aegis Capital repeating the rating for GTEC by listing it as a “Buy.” The predicted price for GTEC in the upcoming period, according to Aegis Capital is $14 based on the research report published on May 13, 2021 of the previous year 2021.
GTEC Trading at -43.45% from the 50-Day Moving Average
After a stumble in the market that brought GTEC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -70.86% of loss for the given period.
Volatility was left at 8.84%, however, over the last 30 days, the volatility rate increased by 5.88%, as shares sank -32.00% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -54.60% lower at present.
During the last 5 trading sessions, GTEC fell by -19.90%, which changed the moving average for the period of 200-days by -6.13% in comparison to the 20-day moving average, which settled at $2.0330. In addition, Greenland Technologies Holding Corp saw -45.16% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at GTEC starting from Wang Raymond Z, who purchase 66,500 shares at the price of $1.50 back on May 22 ’23. After this action, Wang Raymond Z now owns 186,500 shares of Greenland Technologies Holding Corp, valued at $99,537 using the latest closing price.
Stock Fundamentals for GTEC
Current profitability levels for the company are sitting at:
- 0.08 for the present operating margin
- 0.26 for the gross margin
The net margin for Greenland Technologies Holding Corp stands at 0.04. The total capital return value is set at 0.08. Equity return is now at value 2.73, with 1.24 for asset returns.
Based on Greenland Technologies Holding Corp (GTEC), the company’s capital structure generated 0.37 points at debt to capital in total, while cash flow to debt ratio is standing at 0.32. The debt to equity ratio resting at 0.59. The interest coverage ratio of the stock is 23.03.
Currently, EBITDA for the company is 10.78 million with net debt to EBITDA at 2.72. When we switch over and look at the enterprise to sales, we see a ratio of 0.49. The receivables turnover for the company is 0.99for trailing twelve months and the total asset turnover is 0.54. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.97.
Conclusion
In a nutshell, Greenland Technologies Holding Corp (GTEC) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
