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.

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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.


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