TD Holdings Inc (NASDAQ:GLG) traded with an addition of $0.01 to close at $0.15on Friday, an upside of 3.34 percent. An average of 2,560,154 shares of common stock have been traded in the last five days. There was a fall of -$0.0050 in the past week, and it reached a new high 6 times over the past 12 months. The last 20 days have seen an average of 11,297,554 shares traded, while the 50-day average volume stands at 7,439,503.
GLG stock has decreased by -30.65% in the last month. The company shares reached their 1-month lowest point of $0.1350 on 09/25/23. With the stock rallying to its 52-week high on 03/09/23, shares of the company touched a low of $0.14 and a high of $1.32 in 52 weeks. It has reached a new high 6 times so far this year and lost -87.49% or -$1.0235 in price. In spite of this, the price is down -88.91% from the 52-week high.
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Valuation Metrics
TD Holdings Inc (GLG) has a trailing price-to-earnings (P/E) ratio of N/A for the broader industry. The stock’s beta is 0.50. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.22, the price-to-book (PB) ratio at 0.07, and the price-to-cash flow ratio at 2.51.
Financial Health
The quick ratio of TD Holdings Inc for the recent quarter was 7.19, and the current ratio was 7.20, indicating that the company is 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 0.02 for the recent quarter. Its gross profit as reported stood at $16.51 million compared to revenue of $17.04 million.
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 28 September was 35.16%, suggesting the stock is Neutral, with historical volatility in this time frame at 109.45%.
As of today, GLG’s price is $0.1444 -3.30% or -$0.0050 from its 5-day moving average. GLG is currently trading -28.88% lower than its 20-day SMA and -79.37% lower than its 100-day SMA. However, the stock’s current price level is -71.62% below the SMA50 and -88.09% below the SMA200.
The stochastic %K and %D were 12.21% and 13.01%, respectively, and the average true range (ATR) was 0.0320. With the 14-day stochastic at 16.08% and the average true range at 0.0460, the RSI (14) stands at 36.38%. The stock has reached -0.0054 on the 9-day MACD Oscillator while the 14-day reading was at -0.0144.
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.
