The price of TD Holdings Inc. (NASDAQ:GLG) shares last traded on Wall Street rose 6.73% to $0.17.
Based on available information, 1 analysts follow 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 $0.16, this indicates a potential upside of 187400.0 percent. GLG stock price is now -61.40% away from the 50-day moving average and -79.03% away from the 200-day moving average. The market capitalization of the company currently stands at $33.55M.
Among analysts, 0 rate the stock a hold while 1 rate it a buy. Brokers who have rated the stock have averaged $300.00 as their price target over the next twelve months.
In other news, Zhang Shuxiang, 10% Owner bought 10,000,000 shares of the company’s stock on Jan 30. The stock was bought for $12,100,000 at an average price of $1.21. Upon completion of the transaction, the 10% Owner now directly owns 27,934,000 shares in the company, valued at $4.75 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 28, 10% Owner Zhang Shuxiang 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 17,934,000 shares of the company worth $3.05 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. A new stake in TD Holdings Inc. shares was purchased by INVESCO LTD. during the first quarter worth $23,000. JPMORGAN CHASE & CO invested $1,000 in shares of GLG during the first quarter. In total, there are 10 active investors with 0.10% ownership of the company’s stock.
A candlestick chart of TD Holdings Inc. (NASDAQ: GLG) showed a price of $0.1600 on Tuesday morning. During the past 12 months, TD Holdings Inc. has had a low of $0.16 and a high of $1.32. The fifty day moving average price for GLG is $0.4392 and a two-hundred day moving average price translates $0.8190 for the stock.
The latest earnings results from TD Holdings Inc. (NASDAQ: GLG) was released for Jun, 2023. The net profit margin was -11.90% and return on equity was -0.70% for GLG. The company reported revenue of $34.51 million for the quarter, compared to $53.68 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -35.71 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. The company’s 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. Its 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. The company 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 Shenzhen, the People’s Republic of China.
