At the end of the latest market close, Shineco Inc. (TYHT) was valued at $11.94. In that particular session, Stock kicked-off at the price of $11.45 while reaching the peak value of $11.99 and lowest value recorded on the day was $10.40. The stock current value is $14.11.
Recently in News on May 4, 2021, Shineco, Inc. Proposes to Acquire 51% Equity Interests in Mayah Biological Holdings Limited. Shineco, Inc. (“Shineco” or the “Company”; NASDAQ: TYHT), a producer and distributor of Chinese herbal medicines, organic agricultural and hemp products, today announced the Company and Mayah Biological Holdings Limited (“Mayah Biological”), a British Virgin Islands Company headquartered in Taiwan Biomedical Park, had signed a Proposal for Purchase of Equity Interest of Mayah Biological Holding Limited (the “Proposal”), with respect to the potential purchase of at least 51% equity interests in Mayah Biological by the Company. You can read further details here
Shineco Inc. had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $18.40 on 05/04/21, with the lowest value was $2.95 for the same time period, recorded on 01/04/21.
Shineco Inc. (TYHT) full year performance was 233.33%
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 17.65% during the 52-week period from high price, and 571.70% 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 $11.99.
The company’s shares, operating in the sector of Healthcare managed to top a trading volume set approximately around 2754763 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 290.83%, having the revenues showcasing 210.94% 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 37.25M, as it employees total of 318 workers.
The Analysts eye on 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 4.44, with a change in the price was noted +10.29. In a similar fashion, Shineco Inc. posted a movement of +320.44% for the period of last 100 days, recording 363,859 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 0.03 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.00.
Technical rundown of Shineco Inc. (TYHT)
Raw Stochastic average of Shineco Inc. in the period of last 50 days is set at 68.07%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 65.02%. In the last 20 days, the company’s Stochastic %K was 85.66% and its Stochastic %D was recorded 91.47%.
Considering, the past performance of Shineco Inc., multiple 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 290.83%. Additionally, trading for the stock in the period of the last six months notably improved by 338.97%, alongside a boost of 233.33% for the period of the last 12 months. The shares increased approximately by 47.59% in the 7-day charts and went down by 151.90% in the period of the last 30 days. Common stock shares were driven by 210.94% during last recorded quarter.