TD Holdings Inc. (NASDAQ:GLG) shares traded -5.65% lower at $1.17 on Wall Street last session.
In accordance with the data, 1 analysts cover TD Holdings Inc. (NASDAQ:GLG). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $300.00 and a low of $300.00, we find $300.00. Given the previous closing price of $1.24, this indicates a potential upside of 24093.55 percent. GLG stock price is now -0.13% away from the 50-day moving average and 0.73% away from the 200-day moving average. The market capitalization of the company currently stands at $61.52M.
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It has been rated a hold by 0 analysts and a buy by 1. Brokers who have rated the stock have averaged $300.00 as their price target over the next twelve months.
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In other news, Zhang Shuxiang, 10% Owner bought 10,000,000 shares of the company’s stock on Nov 28. The stock was bought for $11,500,000 at an average price of $1.15. Upon completion of the transaction, the 10% Owner now directly owns 17,934,000 shares in the company, valued at $20.98 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 28, Chief Executive Officer Ouyang Renmei bought 10,000,000 shares of the business’s stock. A total of $11,500,000 was incurred on buying the stock at an average price of $1.15. This leaves the insider owning 13,574,385 shares of the company worth $15.88 million. A total of 56.60% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in GLG stock. In total, there are 12 active investors with 0.10% ownership of the company’s stock.
TD Holdings Inc. (NASDAQ: GLG) opened at $1.2400 on Monday. During the past 12 months, TD Holdings Inc. has had a low of $0.76 and a high of $2.19. The fifty day moving average price for GLG is $1.1716 and a two-hundred day moving average price translates $1.1604 for the stock.
The latest earnings results from TD Holdings Inc. (NASDAQ: GLG) was released for Jun, 2022. The net profit margin was 24.70% and return on equity was 1.80% for GLG. The company reported revenue of $4.66 million for the quarter, compared to $1.81 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 157.6 percent.
TD Holdings Inc.(GLG) Company Profile
TD Holdings, Inc. engages in commodities trading and supply chain service businesses in the People’s Republic of China. Its commodity trading business engages in purchasing non-ferrous metal products, such as aluminum ingots, copper, silver, and gold from upstream metal and mineral suppliers and then selling to downstream customers. The company’s supply chain service business covers a range of commodities, including non-ferrous metals, ferrous metals, coal, metallurgical raw materials, soybean oils, oils, rubber, wood, and various other types of commodities. It serves as a one-stop commodity supply chain service and digital intelligence supply chain platform integrating upstream and downstream enterprises, warehouses, logistics, information, and futures trading. The company was formerly known as Bat Group, Inc. and changed its name to TD Holdings, Inc. in March 2020. TD Holdings, Inc. was incorporated in 2011 and is based in Beijing, the People’s Republic of China.
