Tantech Holdings Ltd [NASDAQ: TANH] loss -5.45% or -0.01 points to close at $0.18 with a heavy trading volume of 5429761 shares.
The daily chart for TANH points out that the company has recorded -73.44% loss over the past six months.
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If we look at the average trading volume of 10.66M shares, TANH reached to a volume of 5429761 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 Tantech Holdings Ltd [TANH]:
The Average True Range (ATR) for Tantech Holdings Ltd is set at 0.03, with the Price to Sales ratio for TANH stock in the period of the last 12 months amounting to 0.03. The Price to Book ratio for the last quarter was 0.01, with the Price to Cash per share for the same quarter was set at 3.49. Price to Free Cash Flow for TANH in the course of the last twelve months was 0.30 with Quick ratio for the last quarter at 6.49.
Trading performance analysis for TANH stock
Tantech Holdings Ltd [TANH] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.85. With this latest performance, TANH shares gained by 24.12% in over the last four-week period, additionally sinking by -73.44% over the last 6 months – not to mention a drop of -81.19% 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 48.36, with the RSI for the last a single of trading hit 48.96, and the three-weeks RSI is set at 45.15 for Tantech Holdings Ltd [TANH]. The present Moving Average for the last 50 days of trading for this stock 0.1678, while it was recorded at 0.2045 for the last single week of trading, and 0.5840 for the last 200 days.
Tantech Holdings Ltd [TANH]: A deeper dive into fundamental analysis
Tantech Holdings Ltd’s liquidity data is similarly interesting compelling, with a Quick Ratio of 6.49 and a Current Ratio set at 6.57.