The stock has a 36-month beta value of 0.14. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for GURE is 7.65M, and at present, short sellers hold a 0.49% of that float. On October 16, 2024, the average trading volume of GURE was 12.95K shares.
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GURE) stock’s latest price update
Gulf Resources Inc (NASDAQ: GURE) has experienced a decline in its stock price by -13.97 compared to its previous closing price of 0.87. However, the company has seen a fall of -21.88% in its stock price over the last five trading days. globenewswire.com reported 2024-08-22 that SHOUGUANG, China, Aug. 22, 2024 (GLOBE NEWSWIRE) — Gulf Resources, Inc. (NASDAQ: GURE) (“Gulf Resources” or the “Company”), a leading manufacturer of bromine, crude salt and specialty chemical products in China, today announced that on August 20, 2024, it received a notice (the “Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that due to the Company’s failure to timely file its Quarterly Report on Form 10-Q for the period ended June 30, 2024, with the Securities and Exchange Commission (the “SEC”), the Company is not in compliance with Nasdaq’s continued listing requirements under Nasdaq Listing Rule 5250(c)(1) (the “Rule”), which requires the timely filing of all required periodic reports with the SEC. The Notice indicates that as a result of this additional delinquency, the Company must submit an update to its original plan to regain compliance with respect to the filing requirements. The Company has until September 4, 2024 to submit such update to Nasdaq.
GURE’s Market Performance
GURE’s stock has fallen by -21.88% in the past week, with a monthly drop of -23.47% and a quarterly drop of -36.44%. The volatility ratio for the week is 9.94% while the volatility levels for the last 30 days are 8.72% for Gulf Resources Inc The simple moving average for the past 20 days is -21.40% for GURE’s stock, with a -41.38% simple moving average for the past 200 days.
GURE Trading at -26.35% from the 50-Day Moving Average
After a stumble in the market that brought GURE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -60.11% of loss for the given period.
Volatility was left at 8.72%, however, over the last 30 days, the volatility rate increased by 9.94%, as shares sank -27.18% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -31.51% lower at present.
During the last 5 trading sessions, GURE fell by -21.87%, which changed the moving average for the period of 200-days by -54.13% in comparison to the 20-day moving average, which settled at $0.9543. In addition, Gulf Resources Inc saw -54.55% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at GURE starting from Miao Naihui, who sale 110,000 shares at the price of $2.50 back on Dec 20 ’23. After this action, Miao Naihui now owns 18,115 shares of Gulf Resources Inc, valued at $275,000 using the latest closing price.
Liu Xiaobin, the Chief Executive Officer of Gulf Resources Inc, sale 110,000 shares at $2.50 during a trade that took place back on Dec 20 ’23, which means that Liu Xiaobin is holding 18,115 shares at $275,000 based on the most recent closing price.
Stock Fundamentals for GURE
Current profitability levels for the company are sitting at:
- -1.25 for the present operating margin
- -0.87 for the gross margin
The net margin for Gulf Resources Inc stands at -6.09. The total capital return value is set at 0.34. Equity return is now at value -45.72, with -41.35 for asset returns.
Currently, EBITDA for the company is 16.48 million with net debt to EBITDA at -0.07. 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 5.28for trailing twelve months and the total asset turnover is -0.27. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.09.
Conclusion
To sum up, Gulf Resources Inc (GURE) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing 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.
