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Graphex Group Limited ADR (GRFX) – Don’t Be So Quick to Call it Dead

Graphex Group Limited ADR (AMEX: GRFX) is -67.67% lower on its value in year-to-date trading and has touched a low of $0.14 and a high of $1.00 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The GRFX stock was last observed hovering at around $0.20 in the last trading session, with the day’s gains setting it 0.07%.

Currently trading at $0.27, the stock is 31.18% and 24.28% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.28 million and changing 33.73% at the moment leaves the stock -0.48% off its SMA200. GRFX registered -70.84% loss for a year compared to 6-month loss of -21.83%. The firm has a 50-day simple moving average (SMA 50) of $0.21884 and a 200-day simple moving average (SMA200) of $0.27481.

The stock witnessed a 40.77% gain in the last 1 month and extending the period to 3 months gives it a 50.56%, and is 48.89% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 42.96% over the week and 17.61% over the month.

Graphex Group Limited ADR (GRFX) has around 287 employees, a market worth around $16.52M and $29.98M in sales. Profit margin for the company is -52.60%. Distance from 52-week low is 93.34% and -72.61% from its 52-week high. The company has generated returns on investments over the last 12 months (-30.31%).

, but quarterly earnings will post -41.50% year-over-year.

The top institutional shareholder in the company is BOOTHBAY FUND MANAGEMENT, LLC with over 2.5 million shares valued at $0.89 million. The investor’s holdings represent 0.3175 of the GRFX Shares outstanding. As of 2024-06-30, the second largest holder is UBS GROUP AG with 27328.0 shares valued at $9756.0 to account for 0.0035 of the shares outstanding. The other top investors are RAYMOND JAMES FINANCIAL SERVICES ADVISORS, INC. which holds 21115.0 shares representing 0.0027 and valued at over $7540.0, while RHUMBLINE ADVISERS holds 0.0002 of the shares totaling 1320.0 with a market value of $471.0.

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