Tantech Holdings Ltd (NASDAQ:TANH) shares, rose in value on Wednesday, 08/03/22, with the stock price up by 2.07% to the previous day’s close as strong demand from buyers drove the stock to $0.27.
Actively observing the price movement in the last trading, the stock closed the session at $0.27, falling within a range of $0.26 and $0.3036. The value of beta (5-year monthly) was 0.10. Referring to stock’s 52-week performance, its high was $15.70, and the low was $0.20. On the whole, TANH has fluctuated by -6.74% over the past month.
With the market capitalization of Tantech Holdings Ltd currently standing at about $5.19 million, investors are eagerly awaiting this quarter’s results, scheduled for Oct 22, 2021.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that TANH’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of TANH currently trading nearly 0.60% and -2.90% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 47.93, while the 7-day volatility ratio is showing 11.73% which for the 30-day chart, stands at 14.26%. Furthermore, Tantech Holdings Ltd (TANH)’s beta value is 0.07, and its average true range (ATR) is 0.04.
A comparison of Tantech Holdings Ltd (TANH) with its peers suggests the former has fared considerably weaker in the market. TANH showed an intraday change of 2.07% in last session, and over the past year, it shrunk by -96.95%%. In comparison, FMC Corporation (FMC) has moved higher at 1.43% on the day and was up 2.12% over the past 12 months. On the other hand, the price of Air Products and Chemicals Inc. (APD) has risen 0.65% on the day. The stock, however, is off -15.46% from where it was a year ago. Additionally, there is a loss of -0.43% for NL Industries Inc. (NL) in last trading while the stock has seen an overall depriciation of 53.17%% over the past year. Other than that, the overall performance of the S&P 500 during the last trading session shows that it gained 1.56%. Meanwhile, the Dow Jones Industrial Improved by 1.29%.
Data on historical trading for Tantech Holdings Ltd (NASDAQ:TANH) indicates that the trading volumes over the past 10 days have averaged 1.59 million and over the past 3 months, they’ve averaged 3.84 million. According to company’s latest data on outstanding shares, there are 4.57 million shares outstanding.
Nearly 6.25% of Tantech Holdings Ltd’s shares belong to company insiders and institutional investors own 14.30% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 77300.0 shares as on Jul 14, 2022, resulting in a short ratio of 0.03. According to the data, the short interest in Tantech Holdings Ltd (TANH) stood at 0.26% of shares outstanding as of Jul 14, 2022; the number of short shares registered in Jun 14, 2022 reached 0.75 million. The stock has fallen by -94.10% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the TANH stock heading into the next quarter.