The stock of Tantech Holdings Ltd (TANH) has seen a 2.81% increase in the past week, with a -4.73% drop in the past month, and a -82.53% decrease in the past quarter. The volatility ratio for the week is 17.62%, and the volatility levels for the past 30 days are at 14.70% for TANH. The simple moving average for the last 20 days is -1.14% for TANH stock, with a simple moving average of -81.67% for the last 200 days.
Is It Worth Investing in Tantech Holdings Ltd (NASDAQ: TANH) Right Now?
The price-to-earnings ratio for Tantech Holdings Ltd (NASDAQ: TANH) is above average at 0.07x, Company’s 36-month beta value is 0.36.
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The public float for TANH is 5.42M, and currently, short sellers hold a 9.58% ratio of that floaft. The average trading volume of TANH on September 10, 2024 was 5.10M shares.
TANH) stock’s latest price update
The stock of Tantech Holdings Ltd (NASDAQ: TANH) has decreased by -1.45 when compared to last closing price of 0.14. Despite this, the company has experienced a 2.81% gain in its stock price over the last five trading sessions. prnewswire.com reported 2024-08-28 that LISHUI, China , Aug. 28, 2024 /PRNewswire/ — Tantech Holdings Ltd (NASDAQ: TANH) (“Tantech” or the “Company”), announced today that on August 27, 2024, it received notification from The Nasdaq Stock Market LLC (“NASDAQ”) confirming the Company has been granted an additional 180 calendar day period for compliance under its minimum bid price requirement through February 24, 2025. To regain compliance with NASDAQ’s minimum bid price requirement, the closing bid price of the Company’s common shares needs to be at least $1.00 per share or greater for at least ten consecutive business days by February 24, 2025.
TANH Trading at -59.55% 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 -96.37% of loss for the given period.
Volatility was left at 14.70%, however, over the last 30 days, the volatility rate increased by 17.62%, as shares sank -4.58% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -83.12% lower at present.
During the last 5 trading sessions, TANH fell by -1.15%, which changed the moving average for the period of 200-days by -94.74% in comparison to the 20-day moving average, which settled at $0.1442. In addition, Tantech Holdings Ltd saw -87.99% 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:
- 0.04 for the present operating margin
- 0.21 for the gross margin
The net margin for Tantech Holdings Ltd stands at 0.12. The total capital return value is set at 0.01. Equity return is now at value 4.58, with 4.05 for asset returns.
Based on Tantech Holdings Ltd (TANH), the company’s capital structure generated 0.07 points at debt to capital in total, while cash flow to debt ratio is standing at 0.6. The debt to equity ratio resting at 0.07. The interest coverage ratio of the stock is 4.35.
Currently, EBITDA for the company is 2.28 million with net debt to EBITDA at -8.94. When we switch over and look at the enterprise to sales, we see a ratio of -0.41. The receivables turnover for the company is 0.56for 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 6.57.
Conclusion
In a nutshell, Tantech Holdings Ltd (TANH) 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.
