You Should Know These Things About IT Tech Packaging Inc. (ITP)

As of Thursday close, IT Tech Packaging Inc.’s (AMEX:ITP) stock was down -$0.01, moving down -5.60 percent to $0.17. The average number of shares traded per day over the past five days has been 21,416,180 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.3299 fall in that time frame. In the last twenty days, the average volume was 15,354,320, while in the previous 50 days, it was 6,926,656.

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Since last month, ITP stock retreated -15.37%. Shares of the company fell to $0.1677 on 05/12/22, the lowest level in the past month. A 52-week high of $0.60 was reached on 05/05/22 after having rallying from a 52-week low of $0.16. Since the beginning of this year, ITP’s stock price has dropped by -26.04% or -$0.0599, and marked a new high 15 times. However, the stock has declined by -71.60% since its 52-week high.

Valuation Metrics

The stock’s beta is -0.47. Besides these, the trailing price-to-sales (P/S) ratio of 0.13, the price-to-book (PB) ratio of 0.06.

Financial Health

In the recent quarter, IT Tech Packaging Inc.’s quick ratio stood at 2.40, while its current ratio was 2.70, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the recent quarter was 0.01, and the total debt-to-equity ratio was 0.07. On the profitability front, the trailing twelve-month gross margin is 6.80% percent. In the recent year, operating margins totaled 1.00%. Based on annual data, ITP earned $11.02 million in gross profit and brought in $160.88 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 -1.70%. Return on equity (ROE) for the past 12 months was 0.40%.

According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. ITP’s revenue rose 100.0% to $1.53 billion during the quarter, while net income inched up to $15.48 million. During the quarter, the company generated $0.82 million in EBITDA. The liabilities of IT Tech Packaging Inc. were 24.82 million at the end of its most recent quarter, and its total debt was $16.38 million.

Technical Picture

This quick technical analysis looks at IT Tech Packaging Inc.’s (ITP) price momentum. With a historical volatility rate of 283.79%, the RSI 9-day stood at 25.15% on 12 May.

With respect to its five-day moving average, the current IT Tech Packaging Inc. price is down by -65.98% percent or -$0.3299. At present, ITP shares trade -18.50% below its 20-day simple moving average and -33.29% percent below its 100-day simple moving average. However, the stock is currently trading approximately -17.83% below its SMA50 and -57.80% below its SMA200.

Stochastic coefficient K was 8.77% and Stochastic coefficient D was 26.19%, while ATR was 0.0743. Given the Stochastic reading of 0.70% for the 14-day period, the RSI (14) reading has been calculated as 32.84%. As of today, the MACD Oscillator reading stands at -0.1508, while the 14-day reading stands at -0.1544.

Analyst Ratings

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

With a median target price of $5.00, the current consensus forecast for the stock is $5.00 – $5.00. Based on these forecasts, analysts predict IT Tech Packaging Inc. (ITP) will achieve an average price target of $5.00.


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