Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Tantech Holdings Ltd’s current trading price is -93.40% away from its 52-week high, while its distance from the 52-week low is -44.44%. The stock’s price range during this period has varied between $0.47 and $3.94. The company, active in the Consumer Defensive sector, saw a trading volume of around 5.22 million for the day, considerably higher average daily volume of 1.84 million observed over the last three months.
Tantech Holdings Ltd’s stock has seen a rocky market performance. The company’s stock achieved a 1-year high of $3.94 on 10/13/23, and the lowest price during that time was $0.47, recorded on 07/26/24.
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How Financial Performance Impacts Market Capitalization
Tantech Holdings Ltd (TANH) has experienced a quarterly decline of -53.57% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 2.04M and boasts a workforce of 61 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 0.6780, with a change in price of -0.4246. Similarly, Tantech Holdings Ltd recorded 1,298,770 in trading volume during the last 100 days, posting a change of -61.72%.
How TANH’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for TANH stands at 0.07. Similarly, the long-term debt-to-equity ratio is also 0.01.
TANH Stock Stochastic Average
As of today, the raw stochastic average of Tantech Holdings Ltd over the past 50 days is 3.87%. This is a decrease compared to the raw stochastic average of the last 20 days, which was recorded at 7.12%. Additionally, the Stochastic %K and %D values for the company were 4.33% and 3.32%, respectively, over the past 20 days.
TANH Stock Price Performance Analysis
The stock price performance for the year has been a mixed bag, indicating either a pessimistic or optimistic outlook depending on how you look at it. This year’s metric has recorded a Price decrease of -78.15%. However, over the past six months, we’ve seen a stronger performance of -56.36%. The price of TANH leaped by -69.66% over the last 30 days. And in the last five days, it has fallen by -53.91%.