In today’s recent session, 1,525,512 shares of the Tantech Holdings Ltd(NASDAQ:TANH) have been traded, and its beta is 0.1. Most recently the company’s share price was $1.69, and it changed around -$0.08 or -0.05% from the last close, which brings the market valuation of the company to $58.33 Million. TANH at last check was trading at a discount to its 52-week high of $3.65, offering almost -115.98% off that amount. The share price’s 52-week low was $0.81, which indicates that the recent value has risen by an impressive 52.07% since then. We note from Tantech Holdings Ltd’s average daily trading volume that its 10-day average is 2.01 Million shares, with the 3-month average coming to 5.08 Million.
Tantech Holdings Ltd stock received a consensus recommendation rating of 0, based on a mean score of 0. If we narrow it down even further, the data shows that none out of 0 analysts rate the stock as a Sell; another but none rate it as Overweight. Among the rest, no body recommended TANH as a Hold, whereas none deemed it a Buy, and no one rated it as Underweight.
Tantech Holdings Ltd (NASDAQ:TANH): Trading Information Today
Although TANH has been showing red trend so far today with a performance of -4.52% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of $2.17 on Wednesday, Feb 17 increased the stock’s daily price by 22.63%. The company’s shares are currently up 0.22% year-to-date, but still down -0.2155 over the last five days. On the other hand, Tantech Holdings Ltd (NASDAQ:TANH) is -0.1% down in the 30-day period. We can see from the shorts that 2.43 Million shares have been sold at a short interest cover period of 0.48 day(s).
Tantech Holdings Ltd (TANH) projections and forecasts
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -21.3%. Tantech Holdings Ltd earnings are expected to decrease by -418.7% in 2021, but the outlook is negative 0% per year for the next five years.
Tantech Holdings Ltd (NASDAQ:TANH)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 32.82% of Tantech Holdings Ltd shares, and 1.53% of them are in the hands of institutional investors. The stock currently has a share float of 2.27%. Tantech Holdings Ltd stock is held by 7 institutions, with Renaissance Technologies, LLC being the largest institutional investor. By Dec 30, 2020, it held 0.81% of the shares, which is about 289.35 Thousand shares worth $399.3 Thousand.
HRT Financial LLC, with 0.27% or 95.86 Thousand shares worth $238.7 Thousand as of Sep 29, 2020, holds the second largest percentage of outstanding shares.