Golden Heaven Group Holdings Ltd [GDHG] Stock trading around $0.20 per share: What’s Next?

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Golden Heaven Group Holdings Ltd [NASDAQ: GDHG] stock went on an upward path that rose over 14.53% on Wednesday, amounting to a one-week price increase of more than 3.54%.

Over the last 12 months, GDHG stock dropped by -95.23%.

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The market cap for the stock reached $8.56 million, with 51.75 million shares outstanding and 17.62 million shares in the current float. Compared to the average trading volume of 2.37M shares, GDHG stock reached a trading volume of 178782208 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on Golden Heaven Group Holdings Ltd [GDHG]:

The Average True Range (ATR) for Golden Heaven Group Holdings Ltd is set at 0.04, with the Price to Sales ratio for GDHG stock in the period of the last 12 months amounting to 0.27. The Price to Book ratio for the last quarter was 0.17, with the Price to Cash per share for the same quarter was set at 0.01.

GDHG Stock Performance Analysis:

Golden Heaven Group Holdings Ltd [GDHG] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.54. With this latest performance, GDHG shares dropped by -23.45% in over the last four-week period, additionally sinking by -84.35% over the last 6 months – not to mention a drop of -95.23% 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 GDHG stock in for the last two-week period is set at 40.12, with the RSI for the last a single of trading hit 42.43, and the three-weeks RSI is set at 38.15 for Golden Heaven Group Holdings Ltd [GDHG]. The present Moving Average for the last 50 days of trading for this stock 0.2653, while it was recorded at 0.1882 for the last single week of trading, and 4.6722 for the last 200 days.

Insight into Golden Heaven Group Holdings Ltd Fundamentals:

Golden Heaven Group Holdings Ltd’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.99 and a Current Ratio set at 0.99.

Golden Heaven Group Holdings Ltd [GDHG] Institutonal Ownership Details

The top three institutional holders of GDHG stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in GDHG stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in GDHG stock with ownership which is approximately 5.8386%.

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