At the time of writing, Qilian International Holding Group ltd [QLI] stock is trading at $0.55, down -1.75%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The QLI shares have gain 8.09% over the last week, with a monthly amount glided 5.52%, and seem to be holding up well over a long-time horizon.
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On 12, January 2024, Qilian International Holding Group Receives 180-day Extension from Nasdaq to Meet Minimum Bid Price Rule. In a post published today on Yahoo Finance, Qilian International Holding Group Limited (NASDAQ: QLI) (“Qilian” or the “Company”), a China-based pharmaceutical and chemical products manufacturer, today announced that on January 10, 2024, the Company received a written notification from the Nasdaq’s Listing Qualifications Department, granting the Company another 180 calendar days extension, or until July 8, 2024, to regain compliance with Nasdaq’s minimum bid price requirement.
From an analyst’s perspective:
For the past year, the stock price of Qilian International Holding Group ltd fluctuated between $0.36 and $1.60. Qilian International Holding Group ltd [NASDAQ: QLI] shares were valued at $0.55 at the most recent close of the market.
Analyzing the QLI fundamentals
According to Qilian International Holding Group ltd [NASDAQ:QLI], the company’s sales were 46.47M for trailing twelve months, which represents an -47.18% plunge. Gross Profit Margin for this corporation currently stands at 0.05% with Operating Profit Margin at -0.02%, Pretax Profit Margin comes in at -0.07%, and Net Profit Margin reading is -0.07%. To continue investigating profitability, this company’s Return on Assets is posted at -0.13, Equity is -0.13 and Total Capital is -0.04. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.01.
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 0.4976 points at the first support level, and at 0.4451 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.6208, and for the 2nd resistance point, it is at 0.6915.
Ratios To Look Out For
It is important to note that Qilian International Holding Group ltd [NASDAQ:QLI] has a current ratio of 5.18. As well, the Quick Ratio is 4.33, while the Cash Ratio is 1.12. Considering the valuation of this stock, the price to sales ratio is 0.42, the price to book ratio is 0.46.
