Examining a stock’s 52-week price history, encompassing its low and high prices, can reveal much about its existing condition and potential future trajectory. IT Tech Packaging Inc’s current trading price is -59.23% away from its 52-week high, while its distance from the 52-week low is 121.87%. The stock’s price range over this period has fluctuated between $0.20 and $1.07. The company, operating within the financial sector, had a trading volume of approximately 245.36 million for the day, which was noticeably higher than the average daily share volume of 0.38 million over the last 3 months.
IT Tech Packaging Inc experienced a rather steady stock market performance. The highest value in the past year was recorded at $1.07 on 12/31/24 and the lowest value was $0.20 on 12/12/24.
Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
IT Tech Packaging Inc (ITP) has experienced a quarterly rise of 29.40% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 4.39M and boasts a workforce of 383 employees.
Analyzing Trading Volume and Moving Average Trends
Based on Barchart.com data, the company’s moving average over the 100-day period was 0.3258, with a change in price of +0.2232. Similarly, IT Tech Packaging Inc recorded 4,597,899 in trading volume during the last 100 days, posting a change of +104.79%.
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 ITP stands at 0.07. Similarly, the long-term debt-to-equity ratio is also 0.01.
ITP Stock Stochastic Average
Today’s raw stochastic average for IT Tech Packaging Inc over the last 50 days is 28.22%.This indicates a increase from the raw stochastic average of the past 20 days, which was 26.37%. Moreover, the company’s Stochastic %K and %D values for the last 20 days were 51.83% and 55.49%, respectively.
ITP 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 index has shown a price loss of -27.47% this year. Over the last six months, there has been a weaker performance of 83.35%. The price of ITP fallen by 72.41% during the last 30 days period. For the last 5-days stocks have improved 64.60%.
