Addentax Group Corp. (ATXG) Is A Stock You Should Watch

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As of Wednesday close, Addentax Group Corp.’s (NASDAQ:ATXG) stock was up $0.45, moving up 29.41 percent to $1.98. The average number of shares traded per day over the past five days has been 806,500 shares. 2 times new highs have been achieved over the past 5 days, with a $0.1700 gain in that time frame. In the last twenty days, the average volume was 358,530, while in the previous 50 days, it was 1,844,298.

Since last month, ATXG stock retreated -10.00%. Shares of the company fell to $1.5200 on 11/22/22, the lowest level in the past month. Since the beginning of this year, ATXG’s stock price has dropped by -73.60%. However, the stock has declined by -99.70% since its 52-week high.


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Valuation Metrics

Right now, Addentax Group Corp. (ATXG) has a P/E ratio of about 495.00. Besides these, the trailing price-to-sales (P/S) ratio of 6.11, the price-to-book (PB) ratio of 2.72.

Financial Health

In the recent quarter, Addentax Group Corp.’s quick ratio stood at 3.20, while its current ratio was 3.20, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 17.90% percent. Based on annual data, ATXG earned $2.06 million in gross profit and brought in $12.69 million in revenue.

ATXG’s revenue fell -79.5% to $2.85 million during the quarter, while net income inched up to $2.39 million. The liabilities of Addentax Group Corp. were 9.43 million at the end of its most recent quarter, and its total debt was $9.53 million. The value of shareholders’ equity is $31.09 million.

Technical Picture

This quick technical analysis looks at Addentax Group Corp.’s (ATXG) price momentum. With a historical volatility rate of 151.73%, the RSI 9-day stood at 21.56% on 23 November.

With respect to its five-day moving average, the current Addentax Group Corp. price is up by +9.39% percent or $0.1700. At present, ATXG shares trade -11.21% below its 20-day simple moving average. However, the stock is currently trading approximately -58.58% below its SMA50.

Stochastic coefficient K was 24.48% and Stochastic coefficient D was 14.31%, while ATR was 0.4488. Given the Stochastic reading of 69.70% for the 14-day period, the RSI (14) reading has been calculated as 3.39%. As of today, the MACD Oscillator reading stands at -0.0600, while the 14-day reading stands at -0.0669.

Analyst Ratings

Addentax Group Corp. (ATXG) has been rated – by analysts. According to 0 brokerage firms, ATXG 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 Addentax Group Corp. stock as buy, with 0 recommending it as overweight.

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