The stock of Greenland Technologies Holding Corp (GTEC) has seen a -7.98% decrease in the past week, with a 15.24% gain in the past month, and a 66.90% flourish in the past quarter. The volatility ratio for the week is 8.57%, and the volatility levels for the past 30 days are at 9.75% for GTEC. The simple moving average for the past 20 days is 5.56% for GTEC’s stock, with a 8.87% simple moving average for the past 200 days.
Is It Worth Investing in Greenland Technologies Holding Corp (NASDAQ: GTEC) Right Now?
GTEC has 36-month beta value of 1.41. Analysts have mixed views on the stock, with 2 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for GTEC is 7.18M, and currently, short sellers hold a 2.87% ratio of that float. The average trading volume of GTEC on September 20, 2024 was 723.90K shares.
GTEC) stock’s latest price update
The stock price of Greenland Technologies Holding Corp (NASDAQ: GTEC) has dropped by -8.33 compared to previous close of 2.64. Despite this, the company has seen a fall of -7.98% in its stock price over the last five trading days. prnewswire.com reported 2024-08-28 that EAST WINDSOR, N.J., Aug. 28, 2024 /PRNewswire/ — HEVI Corp. (“HEVI” or the “Company”), a manufacturer of all-electric heavy equipment, today unveiled its game changing all electric vehicle, model H65L.
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 25.62% 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 -39.95% of loss for the given period.
Volatility was left at 9.75%, however, over the last 30 days, the volatility rate increased by 8.57%, as shares surge +5.68% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +39.88% upper at present.
During the last 5 trading sessions, GTEC fell by -7.98%, which changed the moving average for the period of 200-days by -6.56% in comparison to the 20-day moving average, which settled at $2.30. In addition, Greenland Technologies Holding Corp saw -13.26% 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 0.4 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 0.66. The interest coverage ratio of the stock is -127.83.
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 0.54. 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
To put it simply, Greenland Technologies Holding Corp (GTEC) has had a mixed performance in recent times. Analysts have a bullish 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.
