A share price of Greenland Technologies Holding Corp [GTEC] is currently trading at $1.75, up 1.16%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The GTEC shares have gain 37.80% over the last week, with a monthly amount glided 33.59%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Greenland Technologies Holding Corp [NASDAQ: GTEC] stock has seen the most recent analyst activity on May 13, 2021, when Aegis Capital initiated its Buy rating and assigned the stock a price target of $14.
Greenland Technologies Holding Corp experienced fluctuations in its stock price throughout the past year between $1.17 and $2.94. Greenland Technologies Holding Corp [NASDAQ: GTEC] shares were valued at $1.75 at the most recent close of the market.
Analyzing the GTEC fundamentals
Trailing Twelve Months sales for Greenland Technologies Holding Corp [NASDAQ:GTEC] were 83.94M which represents -14.96% decline. Gross Profit Margin for this corporation currently stands at 0.27% with Operating Profit Margin at 0.15%, Pretax Profit Margin comes in at 0.2%, and Net Profit Margin reading is 0.17%. To continue investigating profitability, this company’s Return on Assets is posted at 0.12, Equity is 0.25 and Total Capital is 0.22. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.35.
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 1.5967 points at the first support level, and at 1.4433 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.8767, and for the 2nd resistance point, it is at 2.0033.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Greenland Technologies Holding Corp [NASDAQ:GTEC] is 1.61. Also, the Quick Ratio is 1.17, while the Cash Ratio stands at 0.12. Considering the valuation of this stock, the price to sales ratio is 0.28, the price to book ratio is 0.40 and price to earnings (TTM) ratio is 1.69.
