Greenland Technologies Holding Corp [NASDAQ: GTEC] traded at a high on Wednesday, posting a 1.55 gain after which it closed the day’ session at $1.31.
The results of the trading session contributed to over 5418684 shares changing hands. Over the past one week, the price volatility of Greenland Technologies Holding Corp stands at 5.15% while the volatility over the past one month is 8.22%.
The market cap for GTEC stock reached $17.81 million, with 13.59 million shares outstanding and 7.18 million shares in the current float. Compared to the average trading volume of 197.56K shares, GTEC reached a trading volume of 5418684 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Greenland Technologies Holding Corp [GTEC]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for GTEC shares is $13.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on GTEC 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.
Aegis Capital have made an estimate for Greenland Technologies Holding Corp shares, keeping their opinion on the stock as Buy, with their previous recommendation back on May 13, 2021.
The Average True Range (ATR) for Greenland Technologies Holding Corp is set at 0.11, with the Price to Sales ratio for GTEC stock in the period of the last 12 months amounting to 0.20. The Price to Book ratio for the last quarter was 0.31, with the Price to Cash per share for the same quarter was set at 2.04. Price to Free Cash Flow for GTEC in the course of the last twelve months was 1.89 with Quick ratio for the last quarter at 1.30.
How has GTEC stock performed recently?
Greenland Technologies Holding Corp [GTEC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.77. With this latest performance, GTEC shares dropped by -20.12% in over the last four-week period, additionally sinking by -40.72% over the last 6 months – not to mention a drop of -39.07% 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 GTEC stock in for the last two-week period is set at 35.54, with the RSI for the last a single of trading hit 38.21, and the three-weeks RSI is set at 36.32 for Greenland Technologies Holding Corp [GTEC]. The present Moving Average for the last 50 days of trading for this stock 1.8678, while it was recorded at 1.2780 for the last single week of trading, and 1.9745 for the last 200 days.
Greenland Technologies Holding Corp [GTEC]: Deeper insight into the fundamentals
Greenland Technologies Holding Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.30 and a Current Ratio set at 1.68.
Insider trade positions for Greenland Technologies Holding Corp [GTEC]
There are presently around $12.41%, or 23.48%% of GTEC stock, in the hands of institutional investors. The top three institutional holders of GTEC stocks are: LPL FINANCIAL LLC with ownership of 0.38 million shares, which is approximately 2.7827%. WELLS FARGO & COMPANY/MN, holding 0.25 million shares of the stock with an approximate value of $$0.36 million in GTEC stocks shares; and WELLS FARGO & COMPANY/MN, currently with $$90528.0 in GTEC stock with ownership which is approximately 0.4723%.
