IT Tech Packaging Inc. (AMEX:ITP) saw a downside of -0.08% to $0.35 after subtracting $0.0 on Wednesday. The 5-day average trading volume is 876,512 shares of the company’s common stock. It has gained $0.3740 in the past week. An average of 1,688,093 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,976,047.
ITP’s 1-month performance is -16.33% or -$0.0674 on its low of $0.3500 reached on 10/13/21. The company’s shares have touched a 52-week low of $0.35 and high of $1.45, with the stock’s rally to the 52-week high happening on 02/17/21. YTD, ITP has lost -36.57% or -$0.2020. However, the current price is down -75.68%% from the 52-week high price.
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IT Tech Packaging Inc. (ITP) has a trailing price-to-earnings (P/E) ratio of 18.95 for the broader industry and 13.59 for the sector. The company’s PE ratio for the last five years has touched a high of 21.30 and a low of 1.896. ITP stock has a beta of 0.24. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.26 while the price-to-book (PB) in the most recent quarter is 0.08.
IT Tech Packaging Inc.’s quick ratio for the recent quarter was 3.00, with the current ratio over the same period at 3.70 meaning that ITP stock is able to fulfill its debt obligations. In terms of profitability, the gross margin trailing 12 months is 6.00%. The trailing 12-month EBITDA margin is 10.24% while IT Tech Packaging Inc.’s operating margin was -1.30%. The firm’s gross profit as reported stood at $5.7 million against revenue of $100.94 million.
Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 100.0% to $46.53 million, while revenue of $1.21 billion was -2506.98% off the previous quarter. EBITDA for the quarter stood at more than $4.5 million. ITP stock balance sheet for the recent quarter shows that total liabilities totaled 31.38 million, with total debt at $16.57 million. Shareholders hold equity totaling $99.05 million
Let’s look briefly at IT Tech Packaging Inc. (ITP) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 34.08% to suggest the stock is trending Neutral, with historical volatility in this time period at 32.53%.
The stock’s 5-day moving average is $0.3585, reflecting a -0.51% or -$0.0018 change from its current price. ITP is currently trading -12.47% above its 20-day SMA, -26.95% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -19.76% and -36.89% respectively.
Stochastic %K and %D was 9.07% and 13.70% and the average true range (ATR) pointed at 0.0193. The RSI (14) points at 36.43%, while the 14-day stochastic is at 7.08% with the period’s ATR at 0.0214. The stock’s 9-day MACD Oscillator is pointing at -0.0063 and -0.0122 on the 14-day charts.
Analysts offering their rating for ITP stock have a consensus rating for the stock as Hold. Currently, 0 brokerage advisors rate ITP as a “sell,”, while 1 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 0 have offered a “buy” rating.
What is ITP’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $5.00 and a high of $5.00, with their median price target at $5.00. Looking at these predictions, the average price target given by analysts is for IT Tech Packaging Inc. (ITP) stock is $5.00.