Greenland Technologies Holding Corp (NASDAQ: GTEC) has experienced a decline in its stock price by -7.73 compared to its previous closing price of 2.01. However, the company has seen a fall of -12.74% in its stock price over the last five trading days. zacks.com reported 2024-11-14 that Greenland Technologies Holding Corporation (GTEC) came out with quarterly earnings of $0.10 per share, beating the Zacks Consensus Estimate of $0.01 per share. This compares to loss of $0.07 per share a year ago.
Is It Worth Investing in Greenland Technologies Holding Corp (NASDAQ: GTEC) Right Now?
Additionally, the 36-month beta value for GTEC is 1.47. There are mixed opinions on the stock, with 1 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 1.35% ratio of that float. The average trading volume of GTEC on December 20, 2024 was 96.53K shares.
GTEC’s Market Performance
GTEC stock saw a decrease of -12.74% in the past week, with a monthly decline of -20.26% and a quarterly a decrease of -15.53%. The volatility ratio for the week is 6.36%, and the volatility levels for the last 30 days are 6.62% for Greenland Technologies Holding Corp (GTEC). The simple moving average for the past 20 days is -11.97% for GTEC’s stock, with a -5.58% simple moving average for the past 200 days.
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 -18.93% 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 -51.82% of loss for the given period.
Volatility was left at 6.62%, however, over the last 30 days, the volatility rate increased by 6.36%, as shares sank -18.86% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -10.63% lower at present.
During the last 5 trading sessions, GTEC fell by -12.74%, which changed the moving average for the period of 200-days by -34.86% in comparison to the 20-day moving average, which settled at $2.10. In addition, Greenland Technologies Holding Corp saw -33.69% 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:
- -0.27 for the present operating margin
- 0.26 for the gross margin
The net margin for Greenland Technologies Holding Corp stands at -0.14. The total capital return value is set at -0.35. Equity return is now at value -18.95, with -8.62 for asset returns.
Based on Greenland Technologies Holding Corp (GTEC), the company’s capital structure generated 0.31 points at debt to capital in total, while cash flow to debt ratio is standing at 0.43. The debt to equity ratio resting at 0.45. The interest coverage ratio of the stock is -194.0.
Currently, EBITDA for the company is -20.87 million with net debt to EBITDA at -0.45. When we switch over and look at the enterprise to sales, we see a ratio of 0.4. The receivables turnover for the company is 1.81for trailing twelve months and the total asset turnover is 0.69. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.68.
Conclusion
In conclusion, Greenland Technologies Holding Corp (GTEC) has seen bad performance in recent times. Analysts have a bullish 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.
