TD Holdings Inc. [GLG] Revenue clocked in at $12.50 million, down -39.29% YTD: What’s Next?



TD Holdings Inc. [NASDAQ: GLG] traded at a high on 07/26/22, posting a 0.36 gain after which it closed the day’ session at $0.25. The company report on May 13, 2022 that TD Holdings, Inc. Reports First Quarter 2022 Financial Results Showing Progress of Company Turnaround.

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Revenue up 63% year-over-year.

TD Holdings, Inc. (Nasdaq: GLG) (the “Company”), a commodities trading service provider in China, today announced its unaudited financial results for the first quarter ended March 31, 2022, supporting the turnaround efforts made by the Company.

The results of the trading session contributed to over 5306793 shares changing hands. Over the past one week, the price volatility of TD Holdings Inc. stands at 4.09% while the volatility over the past one month is 4.19%.

The market cap for GLG stock reached $53.80 million, with 198.44 million shares outstanding and 119.69 million shares in the current float. Compared to the average trading volume of 1.25M shares, GLG reached a trading volume of 5306793 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about TD Holdings Inc. [GLG]?

The Average True Range (ATR) for TD Holdings Inc. is set at 0.01, with the Price to Sales ratio for GLG stock in the period of the last 12 months amounting to 4.30. The Price to Book ratio for the last quarter was 0.20, with the Price to Cash per share for the same quarter was set at 0.02.

How has GLG stock performed recently?

TD Holdings Inc. [GLG] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.49. With this latest performance, GLG shares gained by 0.88% in over the last four-week period, additionally plugging by 5.79% over the last 6 months – not to mention a drop of -67.89% 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 53.29, with the RSI for the last a single of trading hit 47.79, and the three-weeks RSI is set at 54.39 for TD Holdings Inc. [GLG]. The present Moving Average for the last 50 days of trading for this stock 0.2298, while it was recorded at 0.2553 for the last single week of trading, and 0.3395 for the last 200 days.

TD Holdings Inc. [GLG]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and TD Holdings Inc. [GLG] shares currently have an operating margin of -3.46 and a Gross Margin at +1.50. TD Holdings Inc.’s Net Margin is presently recorded at -0.47.

Return on Equity for this stock declined to -0.60, with Return on Assets sitting at -0.48.

Insider trade positions for TD Holdings Inc. [GLG]

There are presently around $1 million, or 1.20% of GLG stock, in the hands of institutional investors. The top three institutional holders of GLG stocks are: RENAISSANCE TECHNOLOGIES LLC with ownership of 920,700, which is approximately 1346.845% of the company’s market cap and around 0.10% of the total institutional ownership; CITIGROUP INC, holding 533,622 shares of the stock with an approximate value of $0.13 million in GLG stocks shares; and SUSQUEHANNA INTERNATIONAL GROUP, LLP, currently with $0.12 million in GLG stock with ownership of nearly 174.834% of the company’s market capitalization.

Positions in TD Holdings Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 7 institutional holders increased their position in TD Holdings Inc. [NASDAQ:GLG] by around 2,106,219 shares. Additionally, 2 investors decreased positions by around 12,922 shares, while 3 investors held positions by with 368,314 shares. The mentioned changes placed institutional holdings at 2,487,455 shares, according to the latest SEC report filing. GLG stock had 3 new institutional investments in for a total of 616,360 shares, while 2 institutional investors sold positions of 12,922 shares during the same period.