The stock of TD Holdings Inc. (NASDAQ:GLG) increased by $0.09 on Monday to finish at $1.07, up 9.18 percent. The last five days have seen an average of 6,940,040 shares of common stock traded. 6 times new highs were reached in the current year, with a fall of -$0.1000. The average number of shares traded over the last 20 days was 1,846,975, while the average volume over the last 50 days totaled 793,588.
GLG stock appreciated 94.55% since last month. On 08/16/23, the company’s shares reached a one-month low of $0.3612. The stock touched a high of $1.32 on 03/09/23, after rallying from a low of $0.36 in 52 weeks. The price of GLG stock has declined by -8.55% or -$0.1000 this year, reaching a new high 6 times. Still, the stock price is down -18.94% from the 52-week high.
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Insider Transactions
GLG stock investors should be aware that TD Holdings Inc. (GLG) stock had its last reported insider trading activity 211 days ago on Jan 30. On Jan 30, 10% Owner Zhang Shuxiang acquired 10,000,000 shares at $1.21 each. This transaction resulted in the insider spending $12,100,000. On Nov 28, Zhang Shuxiang added 10,000,000 shares at a price of US$1.15. After the transaction, the insider now owns 17,934,000 shares. Chief Executive Officer Ouyang Renmei had earlier bought 10,000,000 shares on Nov 28 for $1.15 a share. The transaction was completed for $11,500,000.
Valuation Metrics
TD Holdings Inc. (GLG) has a trailing price-to-earnings (P/E) ratio of 18.14. Beta for the stock is 0.09. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 9.61, the price-to-book (PB) ratio of 0.43, and the price-to-cash flow ratio of 53.01.
Financial Health
Based on annual data, it had gross profit of $16.51 million and revenue of $17.04 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. GLG’s return on assets (ROA) during the last 12 months has been 1.20%. There was a -47.60% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 1.30%.
Earnings Surprise
A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $34.51 million, while revenues fell by -55.55% to $34.58 million. At the end of TD Holdings Inc.’s most recent quarter, its total debt was $6.36 million. Equity owned by shareholders amounts to $184.41 million.
Technical Picture
Here’s a quick look at TD Holdings Inc.’s (GLG) price momentum from a technical perspective. As of 28 August, the RSI 9-day stood at 93.88%, suggesting the stock is Overbought, with a 113.78% historical volatility rate.
The stochastic %K and %D were 85.64% and 87.59% respectively, while the average true range (ATR) was 0.1249. Based on the 14-day stochastic reading of 91.01%, the RSI (14) reading is 88.01%. On the 9-day MACD Oscillator, the stock is at 0.2858, and the 14-day reading is at 0.3753.
Analyst Ratings
Analysts have assigned TD Holdings Inc. (GLG) an Buy rating. GLG is a stock that is recommended for selling by 0 brokerage firms, while 0 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 1 other recommend it as a buy.
What is GLG’s price target for the next 12 months?
The current consensus forecast for the stock is between $300.00 and $300.00, with a median target price of $300.00. In analyzing these forecasts, the average price target given by analysts for TD Holdings Inc. (GLG) is $300.00.
