The 36-month beta value for ITP is at -0.26. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for ITP is 9.52M, and currently, shorts hold a 0.11% of that float. The average trading volume for ITP on December 26, 2024 was 107.41K shares.
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ITP) stock’s latest price update
IT Tech Packaging Inc (AMEX: ITP)’s stock price has increased by 24.77 compared to its previous closing price of 0.22. However, the company has seen a 30.71% increase in its stock price over the last five trading sessions. prnewswire.com reported 2024-11-15 that BAODING, China, Nov. 15, 2024 /PRNewswire/ — IT Tech Packaging Inc. (NYSE American: ITP) (“IT Tech Packaging” or the “Company”), a leading manufacturer and distributor of diversified paper products in North China, today announced its unaudited financial results for the nine and three months ended September 30, 2024. Third Quarter 2024 Unaudited Financial Results For the Three Months Ended September 30, ($ millions) 2024 2023 % Change Revenues 25.08 15.77 59.03 % Regular Corrugating Medium Paper (“CMP”)* 20.91 11.95 74.93 % Light-Weight CMP** 4.13 3.47 19.16 % Offset Printing Paper – 0.07 – Tissue Paper Products – 0.26 – Face Masks – 0.02 – Gross profit (loss) 1.92 (0.15) 1351.37 % Gross profit (loss) margin 7.64 % -0.97 % 8.61pp*** Regular Corrugating Medium Paper (“CMP”)* 7.54 % 7.01 % 0.53pp**** Light-Weight CMP** 7.33 % -7.47 % 14.80pp**** Offset Printing Paper – 7.53 % – Tissue Paper Products*** – -278.10 % Face Masks – -15.75 % – Operating income（loss） (1.46) (2.48) -41.07 % Net income (loss) (1.97) (1.98) -0.07 % EBITDA 2.03 1.69 20.12 % Basic and Diluted earnings (loss) per share (0.20) (0.20) – * Products from PM6 ** Products from PM1 *** Products from PM8 and PM9 **** pp represents percentage points Revenue increased by 59.03% to approximately $25.08 million as compared to the same period of last year.
ITP’s Market Performance
ITP’s stock has risen by 30.71% in the past week, with a monthly rise of 19.35% and a quarterly drop of -3.68%. The volatility ratio for the week is 8.36% while the volatility levels for the last 30 days are 10.10% for IT Tech Packaging Inc The simple moving average for the last 20 days is 22.59% for ITP stock, with a simple moving average of 12.06% for the last 200 days.
ITP Trading at 14.36% from the 50-Day Moving Average
After a stumble in the market that brought ITP to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -25.81% of loss for the given period.
Volatility was left at 10.10%, however, over the last 30 days, the volatility rate increased by 8.36%, as shares surge +24.57% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.95% lower at present.
During the last 5 trading sessions, ITP rose by +29.90%, which changed the moving average for the period of 200-days by -5.93% in comparison to the 20-day moving average, which settled at $0.2238. In addition, IT Tech Packaging Inc saw -11.42% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for ITP
Current profitability levels for the company are sitting at:
- -0.09 for the present operating margin
- 0.07 for the gross margin
The net margin for IT Tech Packaging Inc stands at -0.12. The total capital return value is set at -0.04. Equity return is now at value -5.85, with -5.16 for asset returns.
Based on IT Tech Packaging Inc (ITP), the company’s capital structure generated 0.06 points at debt to capital in total, while cash flow to debt ratio is standing at 0.82. The debt to equity ratio resting at 0.06. The interest coverage ratio of the stock is -8.75.
Currently, EBITDA for the company is 5.61 million with net debt to EBITDA at 1.03. When we switch over and look at the enterprise to sales, we see a ratio of 0.11. The receivables turnover for the company is 45.83for trailing twelve months and the total asset turnover is 0.42. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.59.
Conclusion
In conclusion, IT Tech Packaging Inc (ITP) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
