Greenland Technologies Holding Corp (NASDAQ: GTEC): Can A Stock That’s Down -32.47% YTD Still Be Considered In Loss Territory?

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During the last session, Greenland Technologies Holding Corp (NASDAQ:GTEC)’s traded shares were 5.42 million, with the beta value of the company hitting 1.74. At the end of the trading day, the stock’s price was $1.31, reflecting an intraday gain of 1.55% or $0.02. The 52-week high for the GTEC share is $2.94, that puts it down -124.43 from that peak though still a striking 10.69% gain since the share price plummeted to a 52-week low of $1.17. The company’s market capitalization is $17.81M, and the average intraday trading volume over the past 10 days was 48360.0 shares, and the average trade volume was 197.56K shares over the past three months.

Greenland Technologies Holding Corp (NASDAQ:GTEC) trade information

Greenland Technologies Holding Corp (GTEC) registered a 1.55% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 1.55% in intraday trading to $1.31, hitting a weekly high. The stock’s 5-day price performance is 0.77%, and it has moved by -20.12% in 30 days. Based on these gigs, the overall price performance for the year is -39.07%. The short interest in Greenland Technologies Holding Corp (NASDAQ:GTEC) is 10411.0 shares and it means that shorts have 0.08 day(s) to cover.

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 on 2024-Nov-13. 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 12.41%, with the float percentage being 23.48%. LPL FINANCIAL LLC is the largest shareholder of the company, while 23.0 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 Omni Small-Cap Value Fund . Data provided on Dec 31, 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 $17950.0 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 $6549.0.