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After finishing at $2.16 in the prior trading day, Greenland Technologies Holding Corp (NASDAQ: GTEC) closed at $2.04, down -5.56%. In other words, the price has decreased by -$5.56 from its previous closing price. On the day, 0.1 million shares were traded. GTEC stock price reached its highest trading level at $2.19 during the session, while it also had its lowest trading level at $2.01.
Ratios:
Our goal is to gain a better understanding of GTEC by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 1.00 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 2.94. For the most recent quarter (mrq), Quick Ratio is recorded 1.30 and its Current Ratio is at 1.68. In the meantime, Its Debt-to-Equity ratio is 0.54 whereas as Long-Term Debt/Eq ratio is at 0.02.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Aegis Capital on May 13, 2021, initiated with a Buy rating and assigned the stock a target price of $14.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, GTEC now has a Market Capitalization of 27732780 and an Enterprise Value of 11807565. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.32 while its Price-to-Book (P/B) ratio in mrq is 0.49. Its current Enterprise Value per Revenue stands at 0.131 whereas that against EBITDA is -0.553.
Stock Price History:
Over the past 52 weeks, GTEC has reached a high of $3.84, while it has fallen to a 52-week low of $1.36. The 50-Day Moving Average of the stock is -12.44%, while the 200-Day Moving Average is calculated to be -0.69%.
Shares Statistics:
The stock has traded on average 116.09K shares per day over the past 3-months and 70930 shares per day over the last 10 days, according to various share statistics. A total of 13.59M shares are outstanding, with a floating share count of 7.18M. Insiders hold about 47.16% of the company’s shares, while institutions hold 11.28% stake in the company. Shares short for GTEC as of 1730332800 were 164737 with a Short Ratio of 1.09, compared to 1727654400 on 188660. Therefore, it implies a Short% of Shares Outstanding of 164737 and a Short% of Float of 2.29.
