TD Holdings Inc. (NASDAQ:GLG) finished Wednesday with an addition of $0.14 to close at $0.67, an upside of 25.99 percent. An average of 502,080 shares of common stock have been traded in the last five days. There was a gain of $0.2553 in the past week, and it reached a new high 12 times over the past 12 months. The last 20 days have seen an average of 207,385 shares traded, while the 50-day average volume stands at 143,620.
GLG stock has increased by 32.80% in the last month. The company shares reached their 1-month lowest point of $0.3612 on 08/16/23. With the stock rallying to its 52-week high on 03/09/23, shares of the company touched a low of $0.36 and a high of $1.32 in 52 weeks. It has reached a new high 6 times so far this year and lost -42.91% or -$0.5020 in price. In spite of this, the price is down -49.39% from the 52-week high.
Valuation Metrics
TD Holdings Inc. (GLG) has a trailing price-to-earnings (P/E) ratio of 11.32. The stock’s beta is 0.32. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 6.87, the price-to-book (PB) ratio at 0.27, and the price-to-cash flow ratio at 37.91.
Financial Health
Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the recent quarter. TD Holdings Inc.’s EBITDA margin is -1.96%. Its gross profit as reported stood at $16.51 million compared to revenue of $17.04 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, TD Holdings Inc.’s return on assets was 1.20%.
Earnings Surprise
In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$4.45 million in the quarter, while revenues were grew 132.13%. At the end of the recent quarter, TD Holdings Inc.’s stock balance sheet showed total debt was $6.36 million. Shareholders own equity worth $184.41 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at TD Holdings Inc. (GLG) price momentum. RSI 9-day as of the close on 23 August was 82.84%, suggesting the stock is Overbought, with historical volatility in this time frame at 128.64%.
As of today, GLG’s price is $0.5494 +61.86% or $0.2553 from its 5-day moving average. GLG is currently trading +27.72% higher than its 20-day SMA and -33.86% lower than its 100-day SMA. However, the stock’s current price level is -1.63% below the SMA50 and -41.40% below the SMA200.
The stochastic %K and %D were 91.07% and 86.62%, respectively, and the average true range (ATR) was 0.0659. With the 14-day stochastic at 96.94% and the average true range at 0.0587, the RSI (14) stands at 72.94%. The stock has reached 0.0842 on the 9-day MACD Oscillator while the 14-day reading was at 0.0997.
Analyst Ratings
The consensus rating for TD Holdings Inc. (GLG) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell GLG, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 1 others rate it as a “buy”.
What is GLG’s price target for the next 12 months?
Analysts predict a range of price targets between $300.00 and $300.00, with a median target of $300.00. Taking a look at these predictions, the average price target given by analysts for TD Holdings Inc. (GLG) stock is $300.00.
