Tantech Holdings Ltd (NASDAQ:TANH) concluded the trading at $1.86 on Friday, Jan 22 with a rise of 0.08% from its closing price on previous day.
Taking a look at stock we notice that its last check on previous day was $1.86 and 5Y monthly beta was reading 0.09 with its price kept floating in the range of $1.8300 and $1.9400 on the day. Company’s P/E ratio for the trailing 12 months is 0. Considering stock’s 52-week price range provides that TANH hit a high price of $3.65 and saw its price falling to a low level of $0.81 during that period. Over a period of past 1-month, stock came adding 24.83% in its value.
In last 7 days, analysts came adjusting their opinions about stock’s EPS with nil upward and no downward revisions, an indication which could give clearer idea about the company’s short term price movement. In contrast, when we review TANH stock’s current outlook then short term indicators are assigning it an average of 50% Sell, while medium term indicators are categorizing the stock at an average of 50% Sell. Long term indicators are suggesting an average of Hold for it.
In comparing Tantech Holdings Ltd (TANH)’s stock with other industry players reveals that stock’s latest price change of +0.08% and that of +24.83% over the past 12 months is in competing position with that of Air Products and Chemicals (APD) which saw its stock price raised by 1.08% in the recent trading and went through an increase of 18.72% in past 12-month trading. Industry’s another major player Du Pont De.Nemours Inc (DD) has fell -0.61% down in latest trading session, but over the past year has faced arise of 33.23%, while Dow Inc (DOW) was also up 0.08% however its price remained floating in the green at 24.83% over the same period. Tantech Holdings Ltd has a P/E ratio of 0 against that of Air Products and Chemicals’s 33.05 while Du Pont De.Nemours Inc is showing 0 for the same. On the other hand, the S&P 500 Index is down -0.34% in the early deals today while the Dow Jones Industrial was dealinglower at -0.5%.
Having a second look at Tantech Holdings Ltd (NASDAQ:TANH) provides that stock’s average daily trading volume for 3 months was 4.53 Million, while it jumped to 6.47 Million when we calculate an average volume for past 10 days. Number of outstanding shares of the stock stood at 35.89 Million.
Data compiled by Thomson Reuters highlights that percentage of outstanding shares held by the insiders is 32.82% while it is 1.53% for the institutional holders. The figures also indicate that as of December 30, 2020, number of stock’s short shares was 767000000 which implies a short ratio of 0.28. This shows up a 2.14% of Short Interest in company’s outstanding shares on the day. In December the standing of shares short improved as it was 1.68 Million in the previous month. Addition of +34.78% by stock’s current price to its year-to-date value in today’s trading is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.
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