Tantech Holdings Ltd (NASDAQ: TANH) is 9.19% higher on its value in year-to-date trading and has touched a low of $0.12 and a high of $1.59 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The TANH stock was last observed hovering at around $0.22 in the last trading session, with the day’s gains setting it 0.01%.
Currently trading at $0.23, the stock is 32.72% and 41.98% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 10.71 million and changing 4.97% at the moment leaves the stock -41.30% off its SMA200. TANH registered -74.40% loss for a year compared to 6-month loss of -68.44%. The firm has a 50-day simple moving average (SMA 50) of $0.16162 and a 200-day simple moving average (SMA200) of $0.394895.
The stock witnessed a 53.29% gain in the last 1 month and extending the period to 3 months gives it a 20.63%, and is 21.26% 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 29.89% over the week and 15.59% over the month.
Tantech Holdings Ltd (TANH) has around 61 employees, a market worth around $1.96M and $49.10M in sales. Current P/E ratio is 0.20. Profit margin for the company is 9.93%. Distance from 52-week low is 90.26% and -85.51% from its 52-week high. The company has generated returns on investments over the last 12 months (3.87%).
.
Tantech Holdings Ltd (TANH) Top Institutional Holders
The shares outstanding are 8.34M, and float is at 5.92M with Short Float at 6.01%.
Tantech Holdings Ltd (TANH) Insider Activity
#####
