The 52-week high and low prices can offer valuable insights into a stock’s current standing and prospects for future performance. Greenland Technologies Holding Corp’s current trading price is -28.65% away from its 52-week high, while its distance from the 52-week low is 101.47%. The stock’s price range for this period has been between $1.36 and $3.84 The company’s shares, which are part of the Industrials sector, had a trading volume of approximately 0.9 million for the day, a number notably higher than the average daily volume of 0.16 million over the last three months.
Greenland Technologies Holding Corp ‘s stock market performance has been somewhat erratic. The company’s stock reached a 1-year high price of $3.84 on 01/25/24, while the lowest value for the same period was recorded at $1.36 on 08/05/24.
Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
Greenland Technologies Holding Corp (GTEC) has experienced a quarterly rise of 18.10% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 37.25M and boasts a workforce of 325 employees.
Analyzing Trading Volume and Moving Average Trends
Based on Barchart.com data, the company’s moving average over the 100-day period was 2.24, with a change in price of +0.77. Similarly, Greenland Technologies Holding Corp recorded 154,042 in trading volume during the last 100 days, posting a change of +39.09%.
Understanding Ticker ‘s Debt-to-Equity Ratio: An Analysis
The debt-to-equity (D/E) ratio serves as an important indicator of a company’s financial stability and market position. By dividing a company’s total liabilities by its shareholders’ equity, the D/E ratio reveals the degree to which a company relies on debt to finance assets compared to its shareholders’ equity. At the time of writing, the total D/E ratio for GTEC stands at 0.54. Similarly, the long-term debt-to-equity ratio is also 0.02.
GTEC Stock Stochastic Average
As of today, Greenland Technologies Holding Corp’s raw stochastic average for the last 50 days stands at 87.61%. This is a rise compared to the raw stochastic average of the previous 20 days, which was noted at 87.61%. Furthermore, the company’s Stochastic %K and %D values for the past 20 days were 73.23% and 70.48%, respectively.
GTEC Stock Price Performance Analysis
Investors’ outlook regarding the stock price performance over the year has been split, with some feeling optimistic and others feeling pessimistic, as it’s been a mixed bag. The metric has seen a significant gain of 41.24% since the start of this calendar year. Looking back over the last six months, we can see a weaker performance of 60.23%. Over the past 30 days, the price of GTEC has fallen by 48.11%. And in the last five days, it has surged by 46.52%.
