During the last session, Greenland Technologies Holding Corp (NASDAQ:GTEC)’s traded shares were 0.38 million, with the beta value of the company hitting 1.52. At the end of the trading day, the stock’s price was $2.68, reflecting an intraday loss of -2.19% or -$0.06. The 52-week high for the GTEC share is $3.84, that puts it down -43.28 from that peak though still a striking 49.25% gain since the share price plummeted to a 52-week low of $1.36. The company’s market capitalization is $36.43M, and the average intraday trading volume over the past 10 days was 0.55 million shares, and the average trade volume was 172.02K shares over the past three months.
Greenland Technologies Holding Corp (NASDAQ:GTEC) trade information
Greenland Technologies Holding Corp (GTEC) registered a -2.19% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -2.19% in intraday trading to $2.68, hitting a weekly high. The stock’s 5-day price performance is 22.37%, and it has moved by 43.32% in 30 days. Based on these gigs, the overall price performance for the year is -20.71%. The short interest in Greenland Technologies Holding Corp (NASDAQ:GTEC) is 0.16 million shares and it means that shorts have 1.45 day(s) to cover.
Greenland Technologies Holding Corp (GTEC) estimates and forecasts
Statistics show that Greenland Technologies Holding Corp has outperformed its competitors in share price, compared to the industry in which it operates. Greenland Technologies Holding Corp (GTEC) shares have gone up 59.52% during the last six months, with a year-to-date growth rate more than the industry average at 147.50% against 8.20. In the rating firms’ projections, revenue will decrease -7.48% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 19M as predicted by 1 analyst(s).
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -148.76%. While earnings are projected to return 146.67% in 2025.
GTEC Dividends
Greenland Technologies Holding Corp is due to release its next quarterly earnings in February. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Greenland Technologies Holding Corp (NASDAQ:GTEC)’s Major holders
Greenland Technologies Holding Corp insiders own 47.17% of total outstanding shares while institutional holders control 11.32%, with the float percentage being 21.43%. LPL FINANCIAL LLC is the largest shareholder of the company, while 19.0 institutions own stock in it. As of 2024-06-30, the company held over 0.38 million shares (or 2.7827% of all shares), a total value of $0.53 million in shares.
The next largest institutional holding, with 0.25 million shares, is of WELLS FARGO & COMPANY/MN’s that is approximately 1.8749% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $0.36 million.
Also, the Mutual Funds coming in first place with the largest holdings of Greenland Technologies Holding Corp (GTEC) shares are Fidelity NASDAQ Composite Index Fund and Bridgeway Fds Inc-Omni Small Cap Value Fund . Data provided on Nov 30, 2024 indicates that Fidelity NASDAQ Composite Index Fund owns about 13.7 shares. This amounts to just over 0.10 percent of the company’s overall shares, with a $36724.0 market value. The same data shows that the other fund manager holds slightly less at 5.0, or about 0.04% of the stock, which is worth about $13400.0.
