Greenpro Capital Corp. [NASDAQ: GRNQ] jumped around 0.21 points on Wednesday, while shares priced at $1.83 at the close of the session, up 12.96%. The company report on November 13, 2020 that Greenpro Signs Acquisition Agreement to Acquire 18% of New Business Media Sdn. Bhd.
Greenpro Capital Corp., (NASDAQ:GRNQ) today announced that it has entered into a binding agreement with New Business Media Sdn. Bhd “NBM” to acquire a 18% equity interest of NBM.
NBM is one of the biggest Mandarin Language Digital Business News Networks in Malaysia and its readers cover the entire South East Asia region. Its capital-markets focused portal is one of the most accessible websites to browse latest business market topics or corporate news.
Greenpro Capital Corp. stock is now 221.05% up from its year-to-date (YTD) trading value. GRNQ Stock saw the intraday high of $1.88 and lowest of $1.578 per share. The company’s 52-week high price is 3.12, which means current price is +771.43% above from all time high which was touched on 08/18/20.
Compared to the average trading volume of 4.67M shares, GRNQ reached a trading volume of 1971758 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Greenpro Capital Corp. [GRNQ]?
The Average True Range (ATR) for Greenpro Capital Corp. is set at 0.11, with the Price to Sales ratio for GRNQ stock in the period of the last 12 months amounting to 30.27. The Price to Book ratio for the last quarter was 15.25, with the Price to Cash per share for the same quarter was set at 0.01.
How has GRNQ stock performed recently?
Greenpro Capital Corp. [GRNQ] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 18.75. With this latest performance, GRNQ shares gained by 21.19% in over the last four-week period, additionally plugging by 408.33% over the last 6 months – not to mention a rise of 297.31% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for GRNQ stock in for the last two-week period is set at 66.94, with the RSI for the last a single of trading hit 74.81, and the three-weeks RSI is set at 62.26 for Greenpro Capital Corp. [GRNQ]. The present Moving Average for the last 50 days of trading for this stock 1.4114, while it was recorded at 1.6500 for the last single week of trading, and 0.9851 for the last 200 days.
Greenpro Capital Corp. [GRNQ]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Greenpro Capital Corp. [GRNQ] shares currently have an operating margin of -35.48 and a Gross Margin at +69.30. Greenpro Capital Corp.’s Net Margin is presently recorded at -29.98.
Return on Total Capital for GRNQ is now -25.76, given the latest momentum, and Return on Invested Capital for the company is -24.59. Return on Equity for this stock declined to -35.08, with Return on Assets sitting at -14.19. When it comes to the capital structure of this company, Greenpro Capital Corp. [GRNQ] has a Total Debt to Total Equity ratio set at 79.08. Additionally, GRNQ Total Debt to Total Capital is recorded at 44.16, with Total Debt to Total Assets ending up at 28.19. Long-Term Debt to Equity for the company is recorded at 52.23, with the Long-Term Debt to Total Capital now at 29.17.
Reflecting on the efficiency of the workforce at the company, Greenpro Capital Corp. [GRNQ] managed to generate an average of -$22,409 per employee. Receivables Turnover for the company is 15.82 with a Total Asset Turnover recorded at a value of 0.47.Greenpro Capital Corp.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.30 and a Current Ratio set at 0.30.
Insider trade positions for Greenpro Capital Corp. [GRNQ]
There are presently around $2 million, or 0.10% of GRNQ stock, in the hands of institutional investors. The top three institutional holders of GRNQ stocks are: CVI HOLDINGS, LLC with ownership of 1,000,000, which is approximately New of the company’s market cap and around 71.83% of the total institutional ownership; RENAISSANCE TECHNOLOGIES LLC, holding 133,678 shares of the stock with an approximate value of $0.24 million in GRNQ stocks shares; and GEODE CAPITAL MANAGEMENT, LLC, currently with $70000.0 in GRNQ stock with ownership of nearly 0% of the company’s market capitalization.
4 institutional holders increased their position in Greenpro Capital Corp. [NASDAQ:GRNQ] by around 1,152,947 shares. Additionally, 1 investors decreased positions by around 10,676 shares, while 3 investors held positions by with 33,065 shares. The mentioned changes placed institutional holdings at 1,196,688 shares, according to the latest SEC report filing. GRNQ stock had 3 new institutional investments in for a total of 1,151,619 shares, while 1 institutional investors sold positions of 10,676 shares during the same period.