TD Holdings Inc (NASDAQ:GLG) saw a downside of -6.47% to close Monday at $0.14 after subtracting -$0.01 on the day. The 5-day average trading volume is 8,339,181 shares of the company’s common stock. It has gained $0.1780 in the past week and touched a new high 1 time within the past 5 days. An average of 16,969,590 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 7,278,990.
GLG’s 1-month performance is -82.63% or -$0.8383 on its low of $0.1350 reached on 09/25/23. The company’s shares have touched a 52-week low of $0.14 and high of $1.32, with the stock’s rally to the 52-week high happening on 03/09/23. YTD, GLG has lost -87.89% or -$1.0283 and has reached a new high 6 times. However, the current price is down -89.27% from the 52-week high price.
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Valuation Metrics
GLG stock has a beta of 0.48. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.21 while the price-to-book (PB) in the most recent quarter is 0.07, with the price to cash flow ratio at 2.44.
TD Holdings Inc’s quick ratio for the recent period was 7.19, with the current ratio over the same period at 7.20. In terms of profitability, the gross margin trailing 12 months is -0.07%. The trailing 12-month EBITDA margin is -1.96%. The firm’s gross profit as reported stood at $16.51 million against revenue of $17.04 million.
Earnings Surprise
Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 132.13% to -$4.45 million, while revenue of $0.85 million was 119.1% off the previous quarter. Shareholders hold equity totaling $184.41 million.
Let’s look briefly at TD Holdings Inc (GLG) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 25 September was 32.18% to suggest the stock is trending Neutral, with historical volatility in this time period at 101.42%.
The stock’s 5-day moving average is $0.1523, reflecting a -12.48% or -$0.0202 change from its current price. GLG is currently trading -85.54% above its 20-day SMA, -81.60% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -75.99% and SMA200 by-88.57%.
Stochastic %K and %D was 12.08% and 12.37% and the average true range (ATR) pointed at 0.0440. The RSI (14) points at 35.14%, while the 14-day stochastic is at 9.37% with the period’s ATR at 0.0576. The stock’s 9-day MACD Oscillator is pointing at -0.0135 and -0.0170 on the 14-day charts.
Analyst Ratings
Analysts offering their rating for GLG stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate GLG 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 GLG’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $300.00 and a high of $300.00, with their median price target at $300.00. Looking at these predictions, the average price target given by analysts is for TD Holdings Inc (GLG) stock is $300.00.
