IT Tech Packaging Inc. [ITP] is 43.16% higher this YTD. Is it still time to buy?

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IT Tech Packaging Inc. [AMEX: ITP] price surged by 5.45 percent to reach at $0.04. The company report on February 25, 2021 that IT Tech Packaging, Inc. Announces Pricing of Approximately $20.0 Million Offering of Common Stock and Warrants.

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IT Tech Packaging, Inc. (NYSE MKT: ITP) (“IT Tech Packaging” or “the Company”), a leading manufacturer and distributor of diversified paper products in North China, announced the pricing of an underwritten offering of 26,666,666 shares of its common stock and warrants to purchase up to an aggregate of 13,333,333 shares of its common stock. Each share of common stock is being sold together with a warrant to purchase one half share of common stock at a combined price to the public of $0.75. Gross proceeds before underwriting discounts and commissions and estimated offering expenses, are expected to be $20.0 million.

The warrants will be immediately exercisable at a price of $0.75 per share of common stock and will expire five years from the date of issuance. The shares of common stock and the accompanying warrants can only be purchased together in the offering but will be issued separately and will be immediately separable upon issuance. The offering is expected to close on or about March 1, 2021, subject to customary closing conditions.

A sum of 15083017 shares traded at recent session while its average daily volume was at 10.87M shares. IT Tech Packaging Inc. shares reached a high of $0.84 and dropped to a low of $0.78 until finishing in the latest session at $0.80.

Guru’s Opinion on IT Tech Packaging Inc. [ITP]:

The Average True Range (ATR) for IT Tech Packaging Inc. is set at 0.16, with the Price to Sales ratio for ITP stock in the period of the last 12 months amounting to 0.56. The Price to Book ratio for the last quarter was 0.12, with the Price to Cash per share for the same quarter was set at 0.11. Price to Free Cash Flow for ITP in the course of the last twelve months was 81.90 with Quick ratio for the last quarter at 1.30.

ITP Stock Performance Analysis:

IT Tech Packaging Inc. [ITP] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -24.84. With this latest performance, ITP shares dropped by -5.65% in over the last four-week period, additionally plugging by 87.46% over the last 6 months – not to mention a drop of -2.84% 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 ITP stock in for the last two-week period is set at 44.55, with the RSI for the last a single of trading hit 40.45, and the three-weeks RSI is set at 47.07 for IT Tech Packaging Inc. [ITP]. The present Moving Average for the last 50 days of trading for this stock 0.8127, while it was recorded at 0.8424 for the last single week of trading, and 0.6117 for the last 200 days.

Insight into IT Tech Packaging Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and IT Tech Packaging Inc. [ITP] shares currently have an operating margin of +3.31 and a Gross Margin at +11.63. IT Tech Packaging Inc.’s Net Margin is presently recorded at +1.89.

Return on Total Capital for ITP is now 2.09, given the latest momentum, and Return on Invested Capital for the company is 1.28. Return on Equity for this stock inclined to 1.34, with Return on Assets sitting at 1.13. When it comes to the capital structure of this company, IT Tech Packaging Inc. [ITP] has a Total Debt to Total Equity ratio set at 9.12. Additionally, ITP Total Debt to Total Capital is recorded at 8.36, with Total Debt to Total Assets ending up at 7.96. Long-Term Debt to Equity for the company is recorded at 4.44, with the Long-Term Debt to Total Capital now at 4.07.

Reflecting on the efficiency of the workforce at the company, IT Tech Packaging Inc. [ITP] managed to generate an average of $5,190 per employee. Receivables Turnover for the company is 12.20 with a Total Asset Turnover recorded at a value of 0.60.IT Tech Packaging Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.30 and a Current Ratio set at 1.80.

ITP Stock EPS

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ITP. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for IT Tech Packaging Inc. go to 20.00%.

IT Tech Packaging Inc. [ITP] Insider Position Details

There are presently around $1 million, or 3.30% of ITP stock, in the hands of institutional investors. The top three institutional holders of ITP stocks are: RENAISSANCE TECHNOLOGIES LLC with ownership of 548,250, which is approximately 36.022% of the company’s market cap and around 19.00% of the total institutional ownership; HRT FINANCIAL LP, holding 156,419 shares of the stock with an approximate value of $0.12 million in ITP stocks shares; and BRIDGEWAY CAPITAL MANAGEMENT, LLC, currently with $0.12 million in ITP stock with ownership of nearly 0% of the company’s market capitalization.

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Positions in IT Tech Packaging Inc. stocks held by institutional investors increased at the end of March and at the time of the March reporting period, where 6 institutional holders increased their position in IT Tech Packaging Inc. [AMEX:ITP] by around 311,785 shares. Additionally, 0 investors decreased positions by around 0 shares, while 1 investors held positions by with 631,511 shares. The mentioned changes placed institutional holdings at 943,296 shares, according to the latest SEC report filing. ITP stock had 3 new institutional investments in for a total of 47,757 shares, while 0 institutional investors sold positions of 0 shares during the same period.

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