A share price of Golden Heaven Group Holdings Ltd [GDHG] is currently trading at $0.50, down -2.87%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The GDHG shares have gain 11.11% over the last week, with a monthly amount drifted -8.11%, and not seem to be holding up well over a long-time horizon.
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On 22, February 2024, Golden Heaven Group Holdings Ltd. Announces $6,000,000 Share Repurchase Program. In a post published today on Yahoo Finance, Golden Heaven Group Holdings Ltd. (the “Company” or “Golden Heaven”) (Nasdaq: GDHG), an amusement park operator in China, announced today that on February 21, 2024, the Company’s Board of Directors (the “Board”) has authorized a share repurchase program authorizing the Company to repurchase up to US$6,000,000 of the Company’s outstanding Class A ordinary shares from time to time during a 24-month period (the “Share Repurchase Program”). The Share Repurchase Program will be facilitated by Dawson James Securities, Inc.
From an analyst’s perspective:
Golden Heaven Group Holdings Ltd experienced fluctuations in its stock price throughout the past year between $0.41 and $24.99. Golden Heaven Group Holdings Ltd [NASDAQ: GDHG] shares were valued at $0.50 at the most recent close of the market.
Analyzing the GDHG fundamentals
Trailing Twelve Months sales for Golden Heaven Group Holdings Ltd [NASDAQ:GDHG] were 31.79M which represents -44.25% decline. Gross Profit Margin for this corporation currently stands at -0.03% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -1.53, Equity is -2.61 and Total Capital is -22.65. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -6.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 0.4421 points at the first support level, and at 0.3843 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.5889, and for the 2nd resistance point, it is at 0.6779.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Golden Heaven Group Holdings Ltd [NASDAQ:GDHG] is 0.99. As well, the Quick Ratio is 0.99, while the Cash Ratio is 0.05. Considering the valuation of this stock, the price to sales ratio is 0.81, the price to book ratio is 0.42 and price to earnings (TTM) ratio is 3.80.
