Planet Green Holdings Corp. (AMEX:PLAG) saw an upside of 7.75% to $0.52 after adding $0.04 on Wednesday. The 5-day average trading volume is 293,935 shares of the company’s common stock. It has gained $0.5878 in the past week and touched a new high 1 time within the past 5 days. An average of 240,819 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 148,513.
PLAG’s 1-month performance is 9.29% or $0.0590 on its low of $0.4500 reached on 07/13/23. The company’s shares have touched a 52-week low of $0.43 and high of $1.14, with the stock’s rally to the 52-week high happening on 06/16/23. YTD, PLAG has lost -16.13% or -$0.0950 and has reached a new high 8 times. However, the current price is down -54.30% from the 52-week high price.
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Insider Transactions
PLAG stock investors last saw insider trading activity on Jun 29.Xiangtian Aerodynamic Electric (10% Owner) most recently sold 6,000,000 shares at $0.46 per share on Jun 29. This transaction cost the insider $2,738,400.
Valuation Metrics
PLAG stock has a beta of -0.02. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.89 while the price-to-book (PB) in the most recent quarter is 0.95.
Planet Green Holdings Corp.’s quick ratio for the recent period was 0.50, with the current ratio over the same period at 0.70. In terms of profitability, the gross margin trailing 12 months is 8.30%. The firm’s gross profit as reported stood at $4.35 million against revenue of $44.76 million.
Earnings Surprise
Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 4.65% to -$1.29 million, while revenue of -$20.79 million was -1511.63% off the previous quarter. EBITDA for the quarter stood at more than -$0.58 million. PLAG stock balance sheet for the recent quarter shows that total liabilities totaled 22.46 million, with total debt at $3.93 million. Shareholders hold equity totaling $72.08 million.
Let’s look briefly at Planet Green Holdings Corp. (PLAG) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 08 August was 52.98% to suggest the stock is trending Neutral, with historical volatility in this time period at 118.23%.
The stock’s 5-day moving average is $0.5279, reflecting a +6.99% or $0.0343 change from its current price. PLAG is currently trading +12.18% above its 20-day SMA, -7.19% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -2.76% and SMA200 by-17.98%.
Stochastic %K and %D was 33.28% and 47.93% and the average true range (ATR) pointed at 0.0574. The RSI (14) points at 51.95%, while the 14-day stochastic is at 50.47% with the period’s ATR at 0.0547. The stock’s 9-day MACD Oscillator is pointing at -0.0171 and -0.0102 on the 14-day charts.
Analyst Ratings
Analysts offering their rating for PLAG stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate PLAG as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 1 have offered a “buy” rating.
What is PLAG’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $150.00 and a high of $150.00, with their median price target at $150.00. Looking at these predictions, the average price target given by analysts is for Planet Green Holdings Corp. (PLAG) stock is $150.00.
