In the latest trading session, 0.97 million Greenland Technologies Holding Corp (NASDAQ:GTEC) shares changed hands as the company’s beta touched 1.42. With the company’s most recent per share price at $1.97 changed hands at -$0.28 or -12.26% at last look, the market valuation stands at $26.83M. GTEC’s current price is a discount, trading about -166.5% off its 52-week high of $5.25. The share price had its 52-week low at $1.36, which suggests the last value was 30.96% up since then. When we look at Greenland Technologies Holding Corp’s average trading volume, we note the 10-day average is 3.7 million shares, with the 3-month average coming to 630.94K.

Greenland Technologies Holding Corp (NASDAQ:GTEC) trade information

Instantly GTEC was in red as seen in intraday trades today. With action 34.76%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -29.24%, with the 5-day performance at 34.76% in the green. However, in the 30-day time frame, Greenland Technologies Holding Corp (NASDAQ:GTEC) is 16.82% up. Looking at the short shares, we see there were 6580.0 shares sold at short interest cover period of 0.08 days.

Greenland Technologies Holding Corp (GTEC) estimates and forecasts

Data shows that the Greenland Technologies Holding Corp share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -46.06% over the past 6 months, a 132.50% in annual growth rate that is considerably higher than the industry average of 4.20%. Year-over-year growth is forecast to reach 15.10% up from the last financial year.

Consensus estimates given by 1 financial analysts project the company’s revenue in the current quarter to hit an average of 27M. 1 analysts are of the opinion that Greenland Technologies Holding Corp’s revenue for the current quarter will be 30M. The company’s revenue for the corresponding quarters a year ago was 21.84M and 22.78M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 23.60%. The estimates for the next quarter sales put growth at 31.70%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -148.76%. The 2024 estimates are for Greenland Technologies Holding Corp earnings to increase by 122.50%.

GTEC Dividends

Greenland Technologies Holding Corp is expected to release its next quarterly earnings report on 2024-Aug-14.

Greenland Technologies Holding Corp (NASDAQ:GTEC)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 47.17% of Greenland Technologies Holding Corp shares while 10.55% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 19.96%. There are 10.55% institutions holding the Greenland Technologies Holding Corp stock share, with LPL FINANCIAL LLC the top institutional holder. As of 2024-03-31, the company held 2.8594% of the shares, roughly 0.38 million GTEC shares worth $0.84 million.

WELLS FARGO & COMPANY/MN holds the second largest percentage of outstanding shares, with 1.9023% or 0.25 million shares worth $0.56 million as of 2024-03-31.

Among Mutual Funds, the top two as of Jun 30, 2024 were Fidelity NASDAQ Composite Index Fund and Bridgeway Fds Inc-Omni Small Cap Value Fund. With 13.7 shares estimated at $27817.0 under it, the former controlled 0.10% of total outstanding shares. On the other hand, Bridgeway Fds Inc-Omni Small Cap Value Fund held about 0.04% of the shares, roughly 5.0 shares worth around $10149.0.