At the last check on Thursday, TD Holdings Inc.’s (NASDAQ:GLG) stock was down -$0.01, moving down -3.18 percent to $0.20. The average number of shares traded per day over the past five days has been 26,570,049 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.6149 fall in that time frame. In the last twenty days, the average volume was 6,983,087, while in the previous 50 days, it was 2,847,197.
Since last month, GLG stock retreated -57.88%. Shares of the company fell to $0.2000 on 08/30/23, the lowest level in the past month. A 52-week high of $1.32 was reached on 03/09/23 after having rallying from a 52-week low of $0.20. Since the beginning of this year, GLG’s stock price has dropped by -82.54% or -$0.9689, and marked a new high 6 times. However, the stock has declined by -84.52% since its 52-week high.
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GLG stock investors should be aware that TD Holdings Inc. (GLG) stock had its last reported insider trading activity 213 days ago on Jan 30. Zhang Shuxiang, the 10% Owner of the company, purchased of 10,000,000 shares for $1.21 on Jan 30. It resulted in a $12,100,000 investment by the insider. Zhang Shuxiang added 10,000,000 shares at an average price of $1.15 on Nov 28. The insider now owns 17,934,000 shares following the transaction. On Nov 28, Chief Executive Officer Ouyang Renmei bought 10,000,000 shares at $1.15 apiece. The transaction was valued at $11,500,000.
Valuation Metrics
Right now, TD Holdings Inc. (GLG) has a P/E ratio of about 3.46. The stock’s beta is 0.42. Besides these, the trailing price-to-sales (P/S) ratio of 1.83, the price-to-book (PB) ratio of 0.08, and the price-to-cash flow ratio of 10.12 may also be considered.
Financial Health
Based on annual data, GLG earned $16.51 million in gross profit and brought in $17.04 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -47.60%. Return on equity (ROE) for the past 12 months was 1.30%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. GLG’s revenue fell -55.55% to $34.58 million during the quarter, while net income inched up to $34.51 million. The value of shareholders’ equity is $184.41 million.
Technical Picture
This quick technical analysis looks at TD Holdings Inc.’s (GLG) price momentum. With a historical volatility rate of 704.80%, the RSI 9-day stood at 33.41% on 30 August.
With respect to its five-day moving average, the current TD Holdings Inc. price is down by -75.36% percent or -$0.6149. At present, GLG shares trade -59.70% below its 20-day simple moving average and -74.86% percent below its 100-day simple moving average. However, the stock is currently trading approximately -61.62% below its SMA50 and -82.51% below its SMA200.
Stochastic coefficient K was 1.03% and Stochastic coefficient D was 30.41%, while ATR was 0.1719. Given the Stochastic reading of 0.12% for the 14-day period, the RSI (14) reading has been calculated as 36.34%. As of today, the MACD Oscillator reading stands at -0.3526, while the 14-day reading stands at -0.3044.
Analyst Ratings
TD Holdings Inc. (GLG) has been rated Buy by analysts. According to 0 brokerage firms, GLG 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 TD Holdings Inc. stock as buy, with 1 recommending it as overweight.
With a median target price of $300.00, the current consensus forecast for the stock is $300.00 – $300.00. Based on these forecasts, analysts predict TD Holdings Inc. (GLG) will achieve an average price target of $300.00.
