TuanChe Ltd ADR [NASDAQ: TC] price surged by 6.94 percent to reach at $0.1.
The one-year TC stock forecast points to a potential upside of 87.07. The average equity rating for TC stock is currently 1.00, trading closer to a bullish pattern in the stock market.
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Guru’s Opinion on TuanChe Ltd ADR [TC]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for TC shares is $11.99 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on TC stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Maxim Group have made an estimate for TuanChe Ltd ADR shares, keeping their opinion on the stock as Buy, with their previous recommendation back on May 21, 2019. While these analysts kept the previous recommendation, Maxim Group raised their target price to Buy. The new note on the price target was released on February 05, 2019, representing the official price target for TuanChe Ltd ADR stock.
TC Stock Performance Analysis:
TuanChe Ltd ADR [TC] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.32. With this latest performance, TC shares dropped by -6.06% in over the last four-week period, additionally sinking by -3.73% over the last 6 months – not to mention a drop of -72.49% 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 TC stock in for the last two-week period is set at 45.14, with the RSI for the last a single of trading hit 45.28, and the three-weeks RSI is set at 45.68 for TuanChe Ltd ADR [TC]. The present Moving Average for the last 50 days of trading for this stock 1.7316, while it was recorded at 1.4879 for the last single week of trading, and 1.8841 for the last 200 days.
Insight into TuanChe Ltd ADR Fundamentals:
TuanChe Ltd ADR’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.44 and a Current Ratio set at 0.44.
TuanChe Ltd ADR [TC] Institutonal Ownership Details
The top three institutional holders of TC stocks are: VANGUARD GROUP INC with ownership of 0.7 million shares, which is approximately 41.3689%. BLACKROCK INC., holding 0.59 million shares of the stock with an approximate value of $$11.31 million in TC stocks shares; and BLACKROCK INC., currently with $$3.76 million in TC stock with ownership which is approximately 11.4902%.
