Planet Green Holdings Corp (AMEX: PLAG)’s stock price has gone decline by -13.18 in comparison to its previous close of 1.29, however, the company has experienced a -22.22% decrease in its stock price over the last five trading days. prnewswire.com reported 2024-05-07 that NEW YORK, May 7, 2024 /PRNewswire/ — Planet Green Holdings Corp. (“Planet Green Holdings” or the “Company”) (NYSE American: PLAG) today announced that, as previously disclosed in its Annual Report on Form 10-K for the year ended December 31, 2023, which was filed on April 1, 2023 with the Securities and Exchange Commission, the audited financial statements contained an unqualified audit opinion from its independent registered public accounting firm that included an explanatory paragraph related to the Company’s ability to continue as a going concern. See further discussion in footnote 1 to the Company’s financial statements included in the Company’s Annual Report on Form 10-K.
Is It Worth Investing in Planet Green Holdings Corp (AMEX: PLAG) Right Now?
Moreover, the 36-month beta value for PLAG is 0.18. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for PLAG is 4.19M and currently, short sellers hold a 0.22% of that float. On April 30, 2025, PLAG’s average trading volume was 62.20K shares.
PLAG’s Market Performance
PLAG’s stock has seen a -22.22% decrease for the week, with a 9.80% rise in the past month and a -54.29% fall in the past quarter. The volatility ratio for the week is 15.70%, and the volatility levels for the past 30 days are at 21.74% for Planet Green Holdings Corp The simple moving average for the past 20 days is -14.81% for PLAG’s stock, with a -44.66% simple moving average for the past 200 days.
PLAG Trading at -31.22% from the 50-Day Moving Average
After a stumble in the market that brought PLAG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -79.71% of loss for the given period.
Volatility was left at 21.74%, however, over the last 30 days, the volatility rate increased by 15.70%, as shares sank -8.94% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -50.44% lower at present.
During the last 5 trading sessions, PLAG fell by -22.22%, which changed the moving average for the period of 200-days by -28.21% in comparison to the 20-day moving average, which settled at $1.3147. In addition, Planet Green Holdings Corp saw -56.84% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for PLAG
Current profitability levels for the company are sitting at:
- -0.99 for the present operating margin
- 0.04 for the gross margin
The net margin for Planet Green Holdings Corp stands at 0.01. The total capital return value is set at -0.55. Equity return is now at value -47.90, with -21.92 for asset returns.
Based on Planet Green Holdings Corp (PLAG), the company’s capital structure generated 0.15 points at debt to capital in total, while cash flow to debt ratio is standing at 0.45. The debt to equity ratio resting at 0.18. The interest coverage ratio of the stock is -13.91.
Currently, EBITDA for the company is -7.46 billion with net debt to EBITDA at -0.32. When we switch over and look at the enterprise to sales, we see a ratio of 1.49. The receivables turnover for the company is 1.57for trailing twelve months and the total asset turnover is 0.26. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.54.
Conclusion
To wrap up, the performance of Planet Green Holdings Corp (PLAG) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. 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.
