Tantech Holdings Ltd (NASDAQ: TANH) has a higher price-to-earnings ratio of 0.31x compared to its average ratio. TANH has 36-month beta value of 0.24.
The public float for TANH is 1.53M, and currently, short sellers hold a 0.62% ratio of that float. The average trading volume of TANH on April 24, 2024 was 529.71K shares.
TANH) stock’s latest price update
Tantech Holdings Ltd (NASDAQ: TANH)’s stock price has gone decline by -10.78 in comparison to its previous close of 0.64, however, the company has experienced a -18.43% decrease in its stock price over the last five trading days. PennyStocks reported 2023-05-01 that More low float penny stocks to watch. The post 7 Low Float Penny Stocks To Watch After SNTG Stock Explodes appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.
TANH’s Market Performance
Tantech Holdings Ltd (TANH) has seen a -18.43% fall in stock performance for the week, with a -19.43% decline in the past month and a -18.43% plunge in the past quarter. The volatility ratio for the week is 17.64%, and the volatility levels for the past 30 days are at 11.21% for TANH. The simple moving average for the past 20 days is -17.54% for TANH’s stock, with a -63.12% simple moving average for the past 200 days.
TANH Trading at -19.22% from the 50-Day Moving Average
After a stumble in the market that brought TANH to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -92.84% of loss for the given period.
Volatility was left at 11.21%, however, over the last 30 days, the volatility rate increased by 17.64%, as shares sank -14.78% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -18.42% lower at present.
During the last 5 trading sessions, TANH fell by -18.43%, which changed the moving average for the period of 200-days by -77.87% in comparison to the 20-day moving average, which settled at $0.6875. In addition, Tantech Holdings Ltd saw -52.02% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for TANH
Current profitability levels for the company are sitting at:
- 0.07 for the present operating margin
- 0.19 for the gross margin
The net margin for Tantech Holdings Ltd stands at 0.06. The total capital return value is set at 0.03. Equity return is now at value 2.43, with 2.14 for asset returns.
Based on Tantech Holdings Ltd (TANH), the company’s capital structure generated 0.09 points at debt to capital in total, while cash flow to debt ratio is standing at 4.77. The debt to equity ratio resting at 0.1. The interest coverage ratio of the stock is 4.26.
Currently, EBITDA for the company is 7.03 million with net debt to EBITDA at -3.43. When we switch over and look at the enterprise to sales, we see a ratio of -0.24. The receivables turnover for the company is 0.54for trailing twelve months and the total asset turnover is 0.33. The liquidity ratio also appears to be rather interesting for investors as it stands at 7.33.
Conclusion
To put it simply, Tantech Holdings Ltd (TANH) 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.
