Greenland Technologies Holding Corp (NASDAQ: GTEC) is 17.01% higher on its value in year-to-date trading and has touched a low of $1.36 and a high of $3.84 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 GTEC stock was last observed hovering at around $2.19 in the last trading session, with the day’s gains setting it 0.08%.
Currently trading at $2.27, the stock is 15.48% and 7.38% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.38 million and changing 3.65% at the moment leaves the stock 17.77% off its SMA200. GTEC registered -32.64% loss for a year compared to 6-month gain of 26.58%. The firm has a 50-day simple moving average (SMA 50) of $2.114 and a 200-day simple moving average (SMA200) of $1.927565.
The stock witnessed a 10.73% loss in the last 1 month and extending the period to 3 months gives it a -1.94%, and is 20.74% 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 12.00% over the week and 8.30% over the month.
Greenland Technologies Holding Corp (GTEC) has around 325 employees, a market worth around $30.86M and $87.35M in sales. Fwd P/E is 5.54. Profit margin for the company is -14.16%. Distance from 52-week low is 66.91% and -40.89% from its 52-week high. The company has generated returns on investments over the last 12 months (-21.17%).
The EPS is expected to grow by 146.67% this year.
Greenland Technologies Holding Corp (GTEC) Top Institutional Holders
19.0 institutions hold shares in Greenland Technologies Holding Corp (GTEC), with institutional investors hold 21.43% of the company’s shares. The shares outstanding are 13.59M, and float is at 7.18M with Short Float at 1.23%. Institutions hold 11.32% of the Float.
The top institutional shareholder in the company is LPL FINANCIAL LLC with over 0.38 million shares valued at $0.53 million. The investor’s holdings represent 2.7827% of the GTEC Shares outstanding. As of 2024-06-30, the second largest holder is WELLS FARGO & COMPANY/MN with 0.25 million shares valued at $0.36 million to account for 1.8749 of the shares outstanding. The other top investors are SUSQUEHANNA INTERNATIONAL GROUP, LLP which holds 64204.0 shares representing 0.4723% and valued at over $90528.0, while NORTHERN TRUST CORP holds 0.1949 of the shares totaling 26496.0 with a market value of $37094.0.
Greenland Technologies Holding Corp (GTEC) Insider Activity
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