In last trading session, IT Tech Packaging, Inc. (NYSE:ITP) saw 3,411,487 shares changing hands with its beta currently measuring 0.38. Company’s recent per share price level of $0.72 trading at -$0.07 or -8.86% at ring of the bell on the day assigns it a market valuation of $20.53 Million. That closing price of ITP’s stock is at a discount of -93.06% from its 52-week high price of $1.39 and is indicating a premium of 45.83% from its 52-week low price of $0.39. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 2.88 Million shares which gives us an average trading volume of 2.66 Million if we extend that period to 3-months.
For IT Tech Packaging, Inc. (ITP), analysts’ consensus is at an average recommendation of Hold while assigning it a mean rating of 0. Splitting up the data highlights that, out of 1 analysts covering the stock, none rated the stock as a Sell while none recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas none see the stock as a Buy. None analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0 in the current quarter.
IT Tech Packaging, Inc. (NYSE:ITP) trade information
In the face of being in the red during last session for losing -8.86%, in the last five days ITP remained trading in the green while hitting it’s week-highest on Tuesday, Jan 12 when the stock touched $0.88 price level, adding 18.18% to its value on the day. IT Tech Packaging, Inc.’s shares saw a change of 29.38% in year-to-date performance and have moved 22.03% in past 5-day. IT Tech Packaging, Inc. (NYSE:ITP) showed a performance of 9.69% in past 30-days. Number of shares sold short was 746.39 Million shares which calculate 280.6 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $5 to the stock, which implies a rise of 594.44% to its current value. Analysts have been projecting $5 as a low price target for the stock while placing it at a high target of $5. It follows that stock’s current price would jump +594.44% in reaching the projected high whereas dropping to the targeted low would mean a loss of 594.44% for stock’s current value.
IT Tech Packaging, Inc. (ITP) estimates and forecasts
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -30.2% during past 5 years. In 2021, company’s earnings growth rate is likely to be around 120.7% while estimates for its earnings growth in next 5 years are of 20%
IT Tech Packaging, Inc. (NYSE:ITP)’s Major holders
Insiders are in possession of 19% of company’s total shares while institution are holding 2.21% percent of that, with stock having share float percentage of 2.73%. Investors also watch the number of corporate investors in a company very closely, which is 4 institutions for IT Tech Packaging, Inc. that are currently holding shares of the company. Renaissance Technologies, LLC is the top institutional holder at ITP for having 403.06 Thousand shares of worth $197.74 Thousand. And as of September 29, 2020, it was holding 1.41% of the company’s outstanding shares.
The second largest institutional holder is Bridgeway Capital Management, Inc., which was holding about 147Thousand shares on September 29, 2020. The number of shares represents firm’s hold over 0.52% of outstanding shares, having a total worth of $72.12 Thousand.
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