TD Holdings Inc. [GLG] Revenue clocked in at $4.30 million, up 71.70% YTD: What’s Next?

TD Holdings Inc. [NASDAQ: GLG] gained 15.68% or 0.37 points to close at $2.73 with a heavy trading volume of 3336173 shares. The company report on February 11, 2021 that TD Holdings Inc. Closes $24.5 Million Private Placement with Affiliated Investors.

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TD Holdings, Inc. (Nasdaq: GLG) (the “Company”), a commodities trading service provider in China, announced the closing of a private placement of 15,000,000 shares of its common stock to the Company’s chief executive officer and chairwoman, Ms. Renmei Ouyang, and a significant shareholder, Mr. Shuxiang Zhang for gross proceeds of $24,450,000. Each share of common stock is being sold at a purchase price of $1.63, which is the closing bid price on the day immediately prior to execution of the securities purchase agreement.

The Company expects to use the net proceeds of the offering for general corporate purposes, working capital, or other related business as approved by the board of directors of the Company. The shares were issued in reliance upon an exemption from the registration requirements pursuant to Regulation S of the Securities Act of 1933, as amended, and the affiliated investors do not have any registration rights pursuant to the Securities Purchase Agreement by and among the Company and the affiliated shareholders.

It opened the trading session at $2.38, the shares rose to $2.77 and dropped to $2.37, the range by which the price of stock traded the whole day. The daily chart for GLG points out that the company has recorded -16.51% loss over the past six months. However, it is still -127.5% lower than its most recent low trading price.

If we look at the average trading volume of 1.10M shares, GLG reached to a volume of 3336173 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about TD Holdings Inc. [GLG]:

The Average True Range (ATR) for TD Holdings Inc. is set at 0.22, with the Price to Sales ratio for GLG stock in the period of the last 12 months amounting to 47.53. The Price to Book ratio for the last quarter was 1.71.

Trading performance analysis for GLG stock

TD Holdings Inc. [GLG] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 21.88. With this latest performance, GLG shares gained by 30.62% in over the last four-week period, additionally sinking by -16.51% over the last 6 months – not to mention a rise of 70.62% 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 GLG stock in for the last two-week period is set at 66.11, with the RSI for the last a single of trading hit 68.92, and the three-weeks RSI is set at 63.90 for TD Holdings Inc. [GLG]. The present Moving Average for the last 50 days of trading for this stock 1.99, while it was recorded at 2.34 for the last single week of trading, and 2.31 for the last 200 days.

TD Holdings Inc. [GLG]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and TD Holdings Inc. [GLG] shares currently have an operating margin of -139.13 and a Gross Margin at +14.42. TD Holdings Inc.’s Net Margin is presently recorded at -278.12.

Return on Total Capital for GLG is now -61.17, given the latest momentum, and Return on Invested Capital for the company is -158.24. Return on Equity for this stock declined to -161.04, with Return on Assets sitting at -94.99. When it comes to the capital structure of this company, TD Holdings Inc. [GLG] has a Total Debt to Total Equity ratio set at 43.38. Additionally, GLG Total Debt to Total Capital is recorded at 30.25, with Total Debt to Total Assets ending up at 22.13. Long-Term Debt to Equity for the company is recorded at 2.62, with the Long-Term Debt to Total Capital now at 1.83.

Reflecting on the efficiency of the workforce at the company, TD Holdings Inc. [GLG] managed to generate an average of -$266,690 per employee. Receivables Turnover for the company is 0.95 with a Total Asset Turnover recorded at a value of 0.34.

An analysis of insider ownership at TD Holdings Inc. [GLG]

There are presently around $1 million, or 0.30% of GLG stock, in the hands of institutional investors. The top three institutional holders of GLG stocks are: TWO SIGMA INVESTMENTS, LP with ownership of 89,289, which is approximately New of the company’s market cap and around 11.27% of the total institutional ownership; INVESCO LTD., holding 61,478 shares of the stock with an approximate value of $0.17 million in GLG stocks shares; and GEODE CAPITAL MANAGEMENT, LLC, currently with $0.1 million in GLG stock with ownership of nearly 0% of the company’s market capitalization.

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Positions in TD Holdings Inc. stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 7 institutional holders increased their position in TD Holdings Inc. [NASDAQ:GLG] by around 138,223 shares. Additionally, 5 investors decreased positions by around 147,553 shares, while 2 investors held positions by with 19,810 shares. The mentioned changes placed institutional holdings at 265,966 shares, according to the latest SEC report filing. GLG stock had 4 new institutional investments in for a total of 132,476 shares, while 4 institutional investors sold positions of 141,273 shares during the same period.

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