The trading price of Tantech Holdings Ltd (NASDAQ:TANH) closed lower on current market day and closing at $0.16, -0.70% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $0.1551 and $0.166. The company’s P/E ratio in the trailing 12-month period was 0.08, while its 5Y monthly beta was 0.444. In examining the 52-week price action we see that the stock hit a 52-week high of $2.89 and a 52-week low of $0.12. Over the past month, the stock has lost -25.81% in value.
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Tantech Holdings Ltd, whose market valuation is $1.30 million at the time of this writing, is expected to release its quarterly earnings report in December. Investors’ optimism about the company’s current quarter earnings report is understandable.
On the technical side, indicators suggest TANH has a 100% 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 -1.93% off the SMA20 and -8.84% off the SMA50. The RSI metric on the 14-day chart is currently showing 46.77, and weekly volatility stands at 12.17%. When measured over the past 30 days, the indicator reaches 12.69%. Tantech Holdings Ltd (NASDAQ:TANH)’s beta value is currently sitting at 0.41, while the Average True Range indicator is currently displaying 0.02.
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 -0.70% in the latest trading, and -94.31% in the past year. Tantech Holdings Ltd has a P/E ratio of 0.08.
An evaluation of the daily trading volume of Tantech Holdings Ltd (NASDAQ:TANH) indicates that the 3-month average is 12.34 million. However, this figure has increased over the past 10 days to an average of 4.36.
Currently, records show that 8.34 million of the company’s shares remain outstanding. The insiders hold 29.07% of outstanding shares, whereas institutions hold 1.36%. The stats also highlight that short interest as of 2024-10-31, stood at 0.7 million shares, resulting in a short ratio of 0.09 at that time. From this, we can conclude that short interest is 844.00 of the company’s total outstanding shares. It is noteworthy that short shares in October were up slightly from the previous month’s figure, which was 0.46 million. However, since the stock’s price has seen -86.91% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
