Market cap of Tantech Holdings Ltd [TANH] reaches 60.16M – now what?


Tantech Holdings Ltd [NASDAQ: TANH] jumped around 0.51 points on Wednesday, while shares priced at $1.50 at the close of the session, up 51.53%. The company report on December 1, 2021 that Tantech Announces Proposed Underwritten Public Offering of Common Shares.

Tantech Holdings Ltd (NASDAQ: TANH) (“Tantech” or the “Company”) announced that it intends to offer its common shares in an underwritten public offering. The Company intends to use the net proceeds from this offering for general corporate purposes, including, but not limited to, working capital and other business opportunities. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.

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Aegis Capital Corp. is acting as the sole book-running manager for the offering.

Tantech Holdings Ltd stock is now 8.70% up from its year-to-date (YTD) trading value. TANH Stock saw the intraday high of $1.5699 and lowest of $0.92 per share. The company’s 52-week high price is 2.37, which means current price is +150.08% above from all time high which was touched on 02/10/21.

Compared to the average trading volume of 549.51K shares, TANH reached a trading volume of 9852576 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Tantech Holdings Ltd [TANH]?

The Average True Range (ATR) for Tantech Holdings Ltd is set at 0.12, with the Price to Sales ratio for TANH stock in the period of the last 12 months amounting to 1.50. The Price to Book ratio for the last quarter was 0.55, with the Price to Cash per share for the same quarter was set at 1.01. Price to Free Cash Flow for TANH in the course of the last twelve months was 6.02 with Quick ratio for the last quarter at 4.80.

How has TANH stock performed recently?

Tantech Holdings Ltd [TANH] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 69.57. With this latest performance, TANH shares gained by 108.33% in over the last four-week period, additionally plugging by 27.12% over the last 6 months – not to mention a drop of -18.92% 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 TANH stock in for the last two-week period is set at 86.76, with the RSI for the last a single of trading hit 91.04, and the three-weeks RSI is set at 82.46 for Tantech Holdings Ltd [TANH]. The present Moving Average for the last 50 days of trading for this stock 0.7553, while it was recorded at 1.0519 for the last single week of trading, and 1.0721 for the last 200 days.

Tantech Holdings Ltd [TANH]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Tantech Holdings Ltd [TANH] shares currently have an operating margin of +3.91 and a Gross Margin at +10.59. Tantech Holdings Ltd’s Net Margin is presently recorded at -15.42.

Return on Total Capital for TANH is now 1.59, given the latest momentum, and Return on Invested Capital for the company is -6.90. Return on Equity for this stock declined to -6.90, with Return on Assets sitting at -5.63. When it comes to the capital structure of this company, Tantech Holdings Ltd [TANH] has a Total Debt to Total Equity ratio set at 7.40. Additionally, TANH Total Debt to Total Capital is recorded at 6.89, with Total Debt to Total Assets ending up at 6.29.

Reflecting on the efficiency of the workforce at the company, Tantech Holdings Ltd [TANH] managed to generate an average of -$90,561 per employee. Receivables Turnover for the company is 1.15 with a Total Asset Turnover recorded at a value of 0.36.Tantech Holdings Ltd’s liquidity data is similarly interesting compelling, with a Quick Ratio of 4.80 and a Current Ratio set at 4.80.

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Insider trade positions for Tantech Holdings Ltd [TANH]

There are presently around $1 million, or 1.80% of TANH stock, in the hands of institutional investors. The top three institutional holders of TANH stocks are: HRT FINANCIAL LP with ownership of 135,564, which is approximately 18.036% of the company’s market cap and around 26.35% of the total institutional ownership; RENAISSANCE TECHNOLOGIES LLC, holding 123,900 shares of the stock with an approximate value of $0.19 million in TANH stocks shares; and MORGAN STANLEY, currently with $0.18 million in TANH stock with ownership of nearly -33.291% of the company’s market capitalization.

6 institutional holders increased their position in Tantech Holdings Ltd [NASDAQ:TANH] by around 238,339 shares. Additionally, 6 investors decreased positions by around 618,736 shares, while 1 investors held positions by with 83,890 shares. The mentioned changes placed institutional holdings at 773,185 shares, according to the latest SEC report filing. TANH stock had 2 new institutional investments in for a total of 130,336 shares, while 4 institutional investors sold positions of 99,540 shares during the same period.