In recent trading session, Greenland Technologies Holding Corp (NASDAQ:GTEC) saw 23.29 million shares changing hands at last check today with its beta currently measuring 1.44. Company’s recent per share price level of $2.15 trading at $0.53 or 32.72% at last check today assigns it a market valuation of $29.22M. That most recent trading price of GTEC’s stock is at a discount of -144.19% from its 52-week high price of $5.25 and is indicating a premium of 36.74% from its 52-week low price of $1.36. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.4 million shares which gives us an average trading volume of 114.31K if we extend that period to 3-months.
Greenland Technologies Holding Corp (NASDAQ:GTEC) trade information
Upright in the green today for gaining 32.72%, in the last five days GTEC remained trading in the green while hitting it’s week-highest on Friday, 08/16/24 when the stock touched $2.15 price level, adding 14.34% to its value on the day. Greenland Technologies Holding Corp’s shares saw a change of -22.94% in year-to-date performance and have moved 49.31% in past 5-day. Greenland Technologies Holding Corp (NASDAQ:GTEC) showed a performance of 19.89% in past 30-days. Number of shares sold short was 6580.0 shares which calculate 0.08 days to cover the short interests.
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Greenland Technologies Holding Corp (GTEC) estimates and forecasts
Statistics highlight that Greenland Technologies Holding Corp is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -41.73% of value to its shares in past 6 months, showing an annual growth rate of 132.50% while that of industry is 6.50. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 15.10% from the last financial year’s standing.
1 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 27M for the same. And 1 analysts are in estimates of company making revenue of 30M in the next quarter. Company posted 21.84M and 22.78M of sales in current and next quarters respectively a year earlier.
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 -148.76% during past 5 years.
Greenland Technologies Holding Corp (NASDAQ:GTEC)’s Major holders
Insiders are in possession of 47.17% of company’s total shares while institution are holding 10.55 percent of that, with stock having share float percentage of 19.96%. Investors also watch the number of corporate investors in a company very closely, which is 10.55% institutions for Greenland Technologies Holding Corp that are currently holding shares of the company. LPL FINANCIAL LLC is the top institutional holder at GTEC for having 0.38 million shares of worth $0.84 million. And as of 2024-03-31, it was holding 2.8594 of the company’s outstanding shares.
The second largest institutional holder is WELLS FARGO & COMPANY/MN, which was holding about 0.25 million shares on 2024-03-31. The number of shares represents firm’s hold over 1.9023 of outstanding shares, having a total worth of $0.56 million.
