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Company’s Banking Shares: Up -90.23% from 52-Week Low, But Can the Momentum Hold?

Tantech Holdings Ltd’s market performance has been unstable in recent times. The company’s stock hit a 1-year high of $1.62 on 12/28/23 and a low of $0.12 for the same time frame on 08/16/24.

52-week price history of TANH Stock

Studying a stock’s 52-week price history, which includes both low and high prices, can help gauge its current status and potential future performance. Tantech Holdings Ltd’s current trading price is -90.23% away from its 52-week high, while its distance from the 52-week low is 30.64%. The stock’s price range during the 52-week period has remained between $0.12 and $1.62. In the Consumer Defensive sector, the company’s shares saw a trading volume of around 1.31 million for the day, which was evidently lower than the average daily volume of 7.23 million over the past three months.

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Market Capitalization and Financial Performance: An In-Depth Look

Tantech Holdings Ltd (TANH) has experienced a quarterly decline of -2.77% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 1.32M and boasts a workforce of 61 employees.

Making Sense of Trading Volume and Moving Average Data

Based on Barchart.com data, the company’s moving average over the 100-day period was 0.1607, with a change in price of -0.0495. Similarly, Tantech Holdings Ltd recorded 10,153,247 in trading volume during the last 100 days, posting a change of -23.57%.

Examining TANH’s Debt-to-Equity Ratio: What You Need to Know

The debt-to-equity (D/E) ratio is a crucial measure that sheds light on a company’s financial health and market standing. It is determined by dividing a company’s overall liabilities by its shareholders’ equity, showing the extent of a company’s debt usage in financing its assets compared to the 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

Tantech Holdings Ltd’s raw stochastic average for the past 50 days is presently 24.00%, as of today. This marks a decrease from the raw stochastic average of the last 20 days, which was 49.87%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 41.99% and 32.99%, respectively.

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. The index has shown a price loss of -86.71% this year. Over the last six months, there has been a stronger performance of -81.54%. The price of TANH fallen by 5.12% during the last 30 days period. For the last 5-days stocks have improved 2.79%.

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