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Would I Buy Tantech Holdings Ltd (NASDAQ: TANH) Stock At Any Time In The Future?

The trading price of Tantech Holdings Ltd (NASDAQ:TANH) closed higher on Tuesday, June 21, closing at $0.30, 18.85% higher than its previous close.

Traders who pay close attention to intraday price movement should know that it fluctuated between $0.265 and $0.38. In examining the 52-week price action we see that the stock hit a 52-week high of $15.70 and a 52-week low of $0.20. Over the past month, the stock has gained 14.96% in value.

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Tantech Holdings Ltd, whose market valuation is $5.81 million at the time of this writing, is expected to release its quarterly earnings report Oct 22, 2021. Investors’ optimism about the company’s current quarter earnings report is understandable.

A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Tantech Holdings Ltd No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest TANH has a 50% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Sell, while an average of long term indicators suggests that the stock is currently 100% Sell.

A quick review shows that TANH’s price is currently 9.29% off the SMA20 and -9.85% off the SMA50. The RSI metric on the 14-day chart is currently showing 48.37, and weekly volatility stands at 21.62%. When measured over the past 30 days, the indicator reaches 22.88%. Tantech Holdings Ltd (NASDAQ:TANH)’s beta value is currently sitting at 0.14, while the Average True Range indicator is currently displaying 0.06.

To see how Tantech Holdings Ltd stock has been performing in comparison to its peers in the industry, here are the numbers: TANH stock’s performance was 18.85% in the latest trading, and -97.23% in the past year, while FMC Corporation (FMC) has traded 4.66% on the day and positioned -4.65% lower than it was a year ago. Another comparable company Air Products and Chemicals Inc. (APD) saw its stock close 2.14% higher in the most recent trading session but was down -18.73% in a year. Furthermore, NL Industries Inc. (NL) showed an increase of 2.11% on the day while its price kept inclining at 23.06% over the past year. Also in last trading session, the S&P 500 Index has surged 2.45%, while the Dow Jones Industrial also saw a positive session, up 2.15% on the day.

An evaluation of the daily trading volume of Tantech Holdings Ltd (NASDAQ:TANH) indicates that the 3-month average is 4.74 million. However, this figure has increased over the past 10 days to an average of 8.15 million.

Currently, records show that 63.99 million of the company’s shares remain outstanding. The insiders hold 6.25% of outstanding shares, whereas institutions hold 14.30%. The stats also highlight that short interest as of Apr 28, 2022, stood at 0.24 million shares, resulting in a short ratio of 0.03 at that time. From this, we can conclude that short interest is 1.60% of the company’s total outstanding shares. It is noteworthy that short shares in April were up slightly from the previous month’s figure, which was 24770.0. However, since the stock’s price has seen -93.50% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.

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