What Technical Indicators Show About GRNQ (GRNQ)?

Greenpro Capital Corp. (NASDAQ:GRNQ) finished Wednesday with an addition of $0.04 to close at $0.75, an upside of 5.23 percent. An average of 3,857,620 shares of common stock have been traded in the last five days. There was a gain of $0.0763 in the past week. The last 20 days have seen an average of 2,596,065 shares traded, while the 50-day average volume stands at 8,226,932.

GRNQ stock has increased by 11.01% in the last month. The company shares reached their 1-month lowest point of $0.5719 on 09/20/21. With the stock rallying to its 52-week high on 02/17/21, shares of the company touched a low of $0.49 and a high of $3.18 in 52 weeks. In spite of this, the price is down -76.33% from the 52-week high.


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Insider Transactions

290 days have passed since Greenpro Capital Corp. (GRNQ) last reported insider trading activity. LOKE CHE CHAN GILBERT, who is Chief Financial Officer, most recently acquired $50,000 shares at $2.22 per share on Dec 28. In this transaction, the insider spent $110,990. Chief Financial Officer, LOKE CHE CHAN GILBERT, disposed of 40,000 shares at a price of $1.63 on Dec 16. The insider now owns more than $65,200 worth of shares.

Valuation Metrics

Greenpro Capital Corp. (GRNQ) has a trailing price-to-earnings (P/E) ratio of 22.10 for the broader industry and 28.57 for the sector. In the last five years, Greenpro Capital Corp.’s PE ratio has ranged between 2971.85 and 1623.47. The stock’s beta is -0.26. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 18.39, the price-to-book (PB) ratio at 2.79.

The quick ratio of Greenpro Capital Corp. for the recent quarter was 1.30, and the current ratio was 1.30, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.07 and a total debt to equity ratio of 0.18 for the recent quarter. On the profitability front, the trailing 12-month gross margin is 70.60% against a 5-year average of 56.5%. Greenpro Capital Corp.’s EBITDA margin is -106.01%. Its gross profit as reported stood at $1.66 million compared to revenue of $2.25 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Greenpro Capital Corp.’s return on assets was -55.30%, compared to -25.2% over the last five years. Meanwhile, the return on equity (ROE) for the past 12 months has been -88.80% and the 5-year average holds at -53.7%. For the broader industry, ROE averaged 3.67 over the past year.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Greenpro Capital Corp. (GRNQ) price momentum. RSI 9-day as of the close on 13 October was 63.42%, suggesting the stock is Neutral, with historical volatility in this time frame at 80.66%.

As of today, GRNQ’s price is $0.7195 +11.29% or $0.0763 from its 5-day moving average. GRNQ is currently trading +9.94% higher than its 20-day SMA and -43.00% lower than its 100-day SMA. However, the stock’s current price level is -9.31% below the SMA50 and -59.76% below the SMA200.

The stochastic %K and %D were 66.07% and 64.74%, respectively, and the average true range (ATR) was 0.0736. With the 14-day stochastic at 69.92% and the average true range at 0.0750, the RSI (14) stands at 56.48%. The stock has reached 0.0580 on the 9-day MACD Oscillator while the 14-day reading was at 0.0866.

Analyst Ratings

The consensus rating for Greenpro Capital Corp. (GRNQ) among analysts is Hold. According to current brokerage recommendations, 0 brokerage firms advise that investors sell GRNQ, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 0 others rate it as a “buy”.

What is GRNQ’s price target for the next 12 months?

Analysts predict a range of price targets between $8.00 and $8.00, with a median target of $8.00. Taking a look at these predictions, the average price target given by analysts for Greenpro Capital Corp. (GRNQ) stock is $8.00.

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