Planet Green Holdings Corp. (AMEX:PLAG) finished Thursday with a subtraction of -$0.05 to close at $0.73, a downside of -6.67 percent. An average of 579,554 shares of common stock have been traded in the last five days. There was a gain of $0.1689 in the past week, and it reached a new high 7 times over the past 12 months. The last 20 days have seen an average of 455,863 shares traded, while the 50-day average volume stands at 263,785.
PLAG stock has increased by 38.01% in the last month. The company shares reached their 1-month lowest point of $0.4610 on 08/02/23. With the stock rallying to its 52-week high on 06/16/23, shares of the company touched a low of $0.43 and a high of $1.14 in 52 weeks. It has reached a new high 8 times so far this year and achieved 17.42% or $0.1089 in price. In spite of this, the price is down -36.02% from the 52-week high.
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Insider Transactions
PLAG stock investors should be aware that Planet Green Holdings Corp. (PLAG) stock had its last reported insider trading activity 57 days ago on Jun 29.
Valuation Metrics
Planet Green Holdings Corp. (PLAG) stock’s beta is -0.20. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.16, the price-to-book (PB) ratio at 1.97.
Financial Health
The quick ratio of Planet Green Holdings Corp. for the recent quarter was 0.60, and the current ratio was 0.80, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.13 for the recent quarter. Its gross profit as reported stood at $4.35 million compared to revenue of $44.76 million.
Earnings Surprise
For the recent quarter, Planet Green Holdings Corp. had $0.28 million in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$12.2 million in the quarter, while revenues of -$1.29 million were grew 87.7%. Shareholders own equity worth $72.08 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Planet Green Holdings Corp. (PLAG) price momentum. RSI 9-day as of the close on 24 August was 61.14%, suggesting the stock is Neutral, with historical volatility in this time frame at 143.24%.
As of today, PLAG’s price is $0.7105 +30.16% or $0.1689 from its 5-day moving average. PLAG is currently trading +37.53% higher than its 20-day SMA and +48.30% higher than its 100-day SMA. However, the stock’s current price level is -3.14% below the SMA50 and +27.88% above the SMA200.
The stochastic %K and %D were 82.13% and 79.03%, respectively, and the average true range (ATR) was 0.0944. With the 14-day stochastic at 80.79% and the average true range at 0.0859, the RSI (14) stands at 59.91%. The stock has reached 0.0936 on the 9-day MACD Oscillator while the 14-day reading was at 0.0987.
Analyst Ratings
The consensus rating for Planet Green Holdings Corp. (PLAG) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell PLAG, 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 PLAG’s price target for the next 12 months?
Analysts predict a range of price targets between $150.00 and $150.00, with a median target of $150.00. Taking a look at these predictions, the average price target given by analysts for Planet Green Holdings Corp. (PLAG) stock is $150.00.
