Greenland Technologies Holding Corp (NASDAQ:GTEC)’s traded shares stood at 0.35 million during the last session, with the company’s beta value hitting 1.43. At the close of trading, the stock’s price was $2.11, to imply a decrease of -12.45% or -$0.3 in intraday trading. The GTEC share’s 52-week high remains $5.25, putting it -148.82% down since that peak but still an impressive 35.55% since price per share fell to its 52-week low of $1.36. The company has a valuation of $28.67M, with an average of 4.02 million shares in intraday trading volume over the past 10 days and average of 676.73K shares over the past 3 months.

Greenland Technologies Holding Corp (NASDAQ:GTEC) trade information

After registering a -12.45% downside in the last session, Greenland Technologies Holding Corp (GTEC) has traded red over the past five days. The 5-day price performance for the stock is -6.22%, and 16.57% over 30 days. With these gigs, the year-to-date price performance is -24.37%. Short interest in Greenland Technologies Holding Corp (NASDAQ:GTEC) saw shorts transact 6580.0 shares and set a 0.08 days time to cover.

Greenland Technologies Holding Corp (GTEC) estimates and forecasts

Looking at statistics comparing Greenland Technologies Holding Corp share performance against respective industry, we note that the company has outperformed competitors. Greenland Technologies Holding Corp (GTEC) shares are -40.56% down over the last 6 months, with its year-to-date growth rate higher than industry average at 132.50% against 9.30%. Revenue is forecast to grow 157.10% this quarter before falling -97.80% for the next one. The rating firms project that company’s revenue will grow 15.10% compared to the previous financial year.

Revenue forecast for the current quarter as set by 1 analysts is 27M. Meanwhile, for the current quarter, a total of 1 analyst(s) estimate revenue growth to 30M.Earnings reports from the last fiscal year show that sales brought in 21.84M and 22.78M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 23.60% before jumping 31.70% in the following quarter.

GTEC Dividends

Greenland Technologies Holding Corp has its next earnings report out on 2024-Aug-14. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.

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

Greenland Technologies Holding Corp insiders hold 47.17% of total outstanding shares, with institutional holders owning 11.02% of the shares at 20.86% float percentage. In total, 11.02% institutions holds shares in the company, led by LPL FINANCIAL LLC. As of 2024-06-30, the company held over 0.38 million shares (or 2.7827% of shares), all amounting to roughly $0.53 million.

The next major institution holding the largest number of shares is WELLS FARGO & COMPANY/MN with 0.25 million shares, or about 1.8749% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $0.36 million.

We also have Fidelity NASDAQ Composite Index Fund and Bridgeway Fds Inc-Omni Small Cap Value Fund as the top two Mutual Funds with the largest holdings of the Greenland Technologies Holding Corp (GTEC) shares. Going by data provided on Jun 30, 2024 , Fidelity NASDAQ Composite Index Fund holds roughly 13.7 shares. This is just over 0.10% of the total shares, with a market valuation of $28913.0. Data from the same date shows that the other fund manager holds a little less at 5.0, or 0.04% of the shares, all valued at about 10549.0.