Let’s start up with the current stock price of Shineco Inc. (TYHT), which is $4.09 to be very precise. The Stock rose vividly during the last session to $4.35 after opening rate of $4.15 while the lowest price it went was recorded $4.03 before closing at $4.12.
Recently in News on September 28, 2020, Shineco, Inc. Reports Fiscal Year 2020 Financial Results. Shineco, Inc. (“Shineco” or the “Company”; NASDAQ: TYHT), a producer and distributor of Chinese herbal medicines, organic agricultural and hemp products, as well as various health and well-being-focused plant-based products in China, announced today its financial results for the fiscal year ended June 30, 2020. You can read further details here
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Shineco Inc. had a pretty Dodgy run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $4.60 on 02/10/21, with the lowest value was $2.95 for the same time period, recorded on 01/04/21.
Shineco Inc. (TYHT) full year performance was -18.70%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Shineco Inc. shares are logging -46.54% during the 52-week period from high price, and 94.76% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $2.10 and $7.65.
The company’s shares, operating in the sector of Healthcare managed to top a trading volume set approximately around 494260 for the day, which was evidently higher, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the Shineco Inc. (TYHT) recorded performance in the market was 34.86%, having the revenues showcasing 50.92% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 12.11M, as it employees total of 318 workers.
Market experts do have their say about Shineco Inc. (TYHT)
During the last month, 0 analysts gave the Shineco Inc. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 3.15, with a change in the price was noted +1.56. In a similar fashion, Shineco Inc. posted a movement of +61.18% for the period of last 100 days, recording 160,905 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for TYHT is recording 0.04 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.00.
Technical breakdown of Shineco Inc. (TYHT)
Raw Stochastic average of Shineco Inc. in the period of last 50 days is set at 70.30%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 59.84%. In the last 20 days, the company’s Stochastic %K was 69.28% and its Stochastic %D was recorded 73.22%.
Bearing in mind the latest performance of Shineco Inc., several moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 34.86%. Additionally, trading for the stock in the period of the last six months notably deteriorated by -8.26%, alongside a downfall of -18.70% for the period of the last 12 months. The shares increased approximately by 9.57% in the 7-day charts and went up by 7.85% in the period of the last 30 days. Common stock shares were driven by 50.92% during last recorded quarter.