The stock of Planet Green Holdings Corp (AMEX: PLAG) has decreased by -10.59 when compared to last closing price of 0.20.Despite this, the company has seen a loss of -21.08% in its stock price over the last five trading days. InvestorPlace reported 2021-09-28 that Planet Green Holdings (PLAG) stock is taking off on Tuesday as investors take note of the Chinese tea company due to an SEC filing. The post 5 Things for PLAG Stock Investors to Know About China Tea Play Planet Green Holdings as Shares Heat Up appeared first on InvestorPlace.
Is It Worth Investing in Planet Green Holdings Corp (AMEX: PLAG) Right Now?
PLAG has 36-month beta value of -0.34. Analysts have mixed views 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 PLAG is 36.14M, and currently, short sellers hold a 0.04% ratio of that float. The average trading volume of PLAG on April 22, 2024 was 29.11K shares.
PLAG’s Market Performance
PLAG’s stock has seen a -21.08% decrease for the week, with a -38.33% drop in the past month and a -64.59% fall in the past quarter. The volatility ratio for the week is 18.45%, and the volatility levels for the past 30 days are at 12.54% for Planet Green Holdings Corp The simple moving average for the past 20 days is -26.82% for PLAG’s stock, with a -62.72% simple moving average for the past 200 days.
PLAG Trading at -37.66% from the 50-Day Moving Average
After a stumble in the market that brought PLAG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -84.28% of loss for the given period.
Volatility was left at 12.54%, however, over the last 30 days, the volatility rate increased by 18.45%, as shares sank -36.21% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -48.47% lower at present.
During the last 5 trading sessions, PLAG fell by -21.09%, which changed the moving average for the period of 200-days by -62.75% in comparison to the 20-day moving average, which settled at $0.2393. In addition, Planet Green Holdings Corp saw -63.44% 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 PLAG starting from Xiangtian Aerodynamic Electric, who sale 6,000,000 shares at the price of $0.46 back on Jun 29 ’23. After this action, Xiangtian Aerodynamic Electric now owns 6,000,000 shares of Planet Green Holdings Corp, valued at $2,738,400 using the latest closing price.
Stock Fundamentals for PLAG
Current profitability levels for the company are sitting at:
- -0.32 for the present operating margin
- 0.04 for the gross margin
The net margin for Planet Green Holdings Corp stands at -0.77. The total capital return value is set at -0.37. Equity return is now at value -69.45, with -40.34 for asset returns.
Based on Planet Green Holdings Corp (PLAG), the company’s capital structure generated 0.21 points at debt to capital in total, while cash flow to debt ratio is standing at -1.04. The debt to equity ratio resting at 0.26. The interest coverage ratio of the stock is -34.97.
Currently, EBITDA for the company is -6.75 million with net debt to EBITDA at -0.47. When we switch over and look at the enterprise to sales, we see a ratio of 0.6. The receivables turnover for the company is 7.09for trailing twelve months and the total asset turnover is 0.64. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.65.
Conclusion
To put it simply, Planet Green Holdings Corp (PLAG) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. 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.
