TD Holdings Inc. (GLG): A Technical View

As of Thursday close, TD Holdings Inc.’s (NASDAQ:GLG) stock was up $0.01, moving up 7.65 percent to $0.17. The average number of shares traded per day over the past five days has been 1,108,520 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.0272 fall in that time frame. In the last twenty days, the average volume was 858,290, while in the previous 50 days, it was 5,089,844.


Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '22.
Small-cap Uranium stocks are booming in 2022! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here. .

Sponsored


Since last month, GLG stock retreated -26.73%. Shares of the company fell to $0.1520 on 05/12/22, the lowest level in the past month. A 52-week high of $1.39 was reached on 01/04/22 after having rallying from a 52-week low of $0.16. Since the beginning of this year, GLG’s stock price has dropped by -58.32% or -$0.2421, and marked a new high 2 times. However, the stock has declined by -87.55% since its 52-week high.

Valuation Metrics

The stock’s beta is 0.98. Besides these, the trailing price-to-sales (P/S) ratio of 3.66, the price-to-book (PB) ratio of 0.12, and the price-to-cash flow ratio of 4.66 may also be considered.

Financial Health

Based on annual data, GLG earned $9.77 million in gross profit and brought in $10.08 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -97.20%. Return on equity (ROE) for the past 12 months was -0.60%.

According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. GLG’s revenue rose 72.15% to $54.77 million during the quarter, while net income inched up to $56.94 million. The value of shareholders’ equity is $207.02 million.

Technical Picture

This quick technical analysis looks at TD Holdings Inc.’s (GLG) price momentum. With a historical volatility rate of 65.30%, the RSI 9-day stood at 29.24% on 12 May.

With respect to its five-day moving average, the current TD Holdings Inc. price is down by -13.59% percent or -$0.0272. At present, GLG shares trade -28.22% below its 20-day simple moving average and -60.76% percent below its 100-day simple moving average. However, the stock is currently trading approximately -27.77% below its SMA50 and -78.89% below its SMA200.

Stochastic coefficient K was 10.16% and Stochastic coefficient D was 7.65%, while ATR was 0.0254. Given the Stochastic reading of 22.78% for the 14-day period, the RSI (14) reading has been calculated as 33.30%. As of today, the MACD Oscillator reading stands at -0.0235, while the 14-day reading stands at -0.0361.

Analyst Ratings

TD Holdings Inc. (GLG) has been rated Buy by analysts. According to 0 brokerage firms, GLG is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate TD Holdings Inc. stock as buy, with 1 recommending it as overweight.

With a median target price of $60.00, the current consensus forecast for the stock is $60.00 – $60.00. Based on these forecasts, analysts predict TD Holdings Inc. (GLG) will achieve an average price target of $60.00.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Hot Topics

Related Articles