Golden Sun Health Technology Group Ltd (GSUN): A Technical Analysis

GSUN has 36-month beta value of 2.27.

The public float for GSUN is 1.25M, and currently, short sellers hold a 2.95% ratio of that float. The average trading volume of GSUN on September 27, 2024 was 59.56K shares.

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GSUN) stock’s latest price update

The stock of Golden Sun Health Technology Group Ltd (NASDAQ: GSUN) has decreased by -12.14 when compared to last closing price of 7.00.Despite this, the company has seen a loss of -8.21% in its stock price over the last five trading days. globenewswire.com reported 2024-08-29 that SHANGHAI, Aug. 29, 2024 (GLOBE NEWSWIRE) — Golden Sun Health Technology Group Limited, formerly known as Golden Sun Education Group Limited (the “Company” or “Golden Sun”) (Nasdaq: GSUN), a provider of tutorial services in China, today announced that the Company, through its wholly-owned subsidiary Shanghai Golden Sun Gongyu Education Technology Co., Ltd. (“Gongyu”), has established a strategic joint venture (the “JV”) named Shanghai Fuyang Cultural Tourism Development Co., Ltd. The JV marks a significant milestone in the Company’s ongoing business transformation, aiming to capitalize on the rapidly growing cultural tourism sector in China. The move is expected to further diversify the Company’s revenue streams while leveraging its years’ expertise in education technology to create synergies within the JV.

GSUN’s Market Performance

Golden Sun Health Technology Group Ltd (GSUN) has experienced a -8.21% fall in stock performance for the past week, with a -16.44% drop in the past month, and a -4.80% drop in the past quarter. The volatility ratio for the week is 19.53%, and the volatility levels for the past 30 days are at 18.20% for GSUN. The simple moving average for the past 20 days is -13.70% for GSUN’s stock, with a -4.49% simple moving average for the past 200 days.

GSUN Trading at -15.41% from the 50-Day Moving Average

After a stumble in the market that brought GSUN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -45.09% of loss for the given period.

Volatility was left at 18.20%, however, over the last 30 days, the volatility rate increased by 19.53%, as shares sank -9.02% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -10.22% lower at present.

During the last 5 trading sessions, GSUN fell by -8.21%, which changed the moving average for the period of 200-days by +18.04% in comparison to the 20-day moving average, which settled at $7.10. In addition, Golden Sun Health Technology Group Ltd saw 4.15% in overturn over a single year, with a tendency to cut further gains.

Stock Fundamentals for GSUN

Current profitability levels for the company are sitting at:

  • -0.52 for the present operating margin
  • 0.34 for the gross margin

The net margin for Golden Sun Health Technology Group Ltd stands at -0.61. The total capital return value is set at -0.78. Equity return is now at value -83.78, with -20.37 for asset returns.

Based on Golden Sun Health Technology Group Ltd (GSUN), the company’s capital structure generated 0.59 points at debt to capital in total, while cash flow to debt ratio is standing at -2.89. The debt to equity ratio resting at 1.43. The interest coverage ratio of the stock is -16.32.

Currently, EBITDA for the company is -5.66 million with net debt to EBITDA at -0.55. When we switch over and look at the enterprise to sales, we see a ratio of 1.53. The receivables turnover for the company is 13.92for trailing twelve months and the total asset turnover is 0.58. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.93.

Conclusion

To put it simply, Golden Sun Health Technology Group Ltd (GSUN) 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.

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