In the past week, GTEC stock has gone up by 61.49%, with a monthly gain of 39.77% and a quarterly surge of 55.19%. The volatility ratio for the week is 17.49%, and the volatility levels for the last 30 days are 9.18% for Greenland Technologies Holding Corp The simple moving average for the last 20 days is 45.98% for GTEC stock, with a simple moving average of 5.15% for the last 200 days.
Is It Worth Investing in Greenland Technologies Holding Corp (NASDAQ: GTEC) Right Now?
Additionally, the 36-month beta value for GTEC is 1.44. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for GTEC is 7.18M and currently, short sellers hold a 0.09% ratio of that float. The average trading volume of GTEC on August 21, 2024 was 662.77K shares.
GTEC) stock’s latest price update
The stock of Greenland Technologies Holding Corp (NASDAQ: GTEC) has increased by 13.81 when compared to last closing price of 2.10. Despite this, the company has experienced a 61.49% gain in its stock price over the last five trading sessions. prnewswire.com reported 2024-08-15 that Drives Gross Margin Stability and Expense Reductions Introduces Incentives to Accelerate Electric Industrial Vehicle Purchases Terminates Planned Spin off its Drivetrain Systems Segment EAST WINDSOR, N.J., Aug. 15, 2024 /PRNewswire/ — Greenland Technologies Holding Corporation (Nasdaq: GTEC) (“Greenland” or the “Company”), a technology developer and manufacturer of electric industrial vehicles and drivetrain systems for material handling machineries and vehicles, today announced its unaudited financial results for the second quarter and six months ended June 30, 2024.
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 50.97% 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 -54.48% of loss for the given period.
Volatility was left at 9.18%, however, over the last 30 days, the volatility rate increased by 17.49%, as shares surge +41.07% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +71.74% upper at present.
During the last 5 trading sessions, GTEC rose by +60.14%, which changed the moving average for the period of 200-days by -15.96% in comparison to the 20-day moving average, which settled at $1.67. In addition, Greenland Technologies Holding Corp saw -14.34% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for GTEC
Current profitability levels for the company are sitting at:
- -0.26 for the present operating margin
- 0.27 for the gross margin
The net margin for Greenland Technologies Holding Corp stands at -0.14. The total capital return value is set at -0.38. Equity return is now at value -19.59, with -8.95 for asset returns.
Based on Greenland Technologies Holding Corp (GTEC), the company’s capital structure generated 0.39 points at debt to capital in total, while cash flow to debt ratio is standing at 0.16. The debt to equity ratio resting at 0.63. The interest coverage ratio of the stock is -209.84.
Currently, EBITDA for the company is -21.49 million with net debt to EBITDA at -0.7. When we switch over and look at the enterprise to sales, we see a ratio of 0.53. The receivables turnover for the company is 1.7for trailing twelve months and the total asset turnover is 0.71. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.60.
Conclusion
In conclusion, Greenland Technologies Holding Corp (GTEC) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
