Taking on analysts’ expectations and winning: Tantech Holdings Ltd (TANH)

Tantech Holdings Ltd (NASDAQ: TANH) stock jumped 2.07% on Friday to $0.27 against a previous-day closing price of $0.27. With 4.79 million shares changed hands, the volume of the stock remained heavier than its average volume of 3.84 million shares. During the session, the Household & Personal Products company that operates in wider Consumer Defensive sector, reached to the highest price of $0.3036 whereas the lowest price it dropped to was $0.2600. The 52-week range on TANH shows that it touched its highest point at $15.70 and its lowest point at $0.20 during that stretch. Beta for the stock currently stands at 0.07.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of TANH was down-trending over the past week, with a drop of -1.56%, but this was down by -6.74% over a month. Three-month performance dropped to -30.31% while six-month performance fell -91.17%. The stock lost -96.95% in the past year, while it has lost -94.10% so far this year.

Float and Shares Shorts:

At present, 4.57 million TANH shares are outstanding with a float of 4.02 million shares on hand for trading. On Jul 14, 2022, short shares totaled 77300.0, which was 0.26% higher than short shares on Jun 14, 2022. In addition to Mr. Wangfeng Yan as the firm’s Founder & CEO, Mr. Weilin Zhang serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 14.26% of TANH’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 14.46% of TANH, in contrast to 0.01% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in TANH with 8.53% of the stake, Sabby Capital LLC holds 1,541,060 shares worth 1,541,060. A second-largest stockholder of TANH, Renaissance Technologies LLC, holds 388,790 shares, controlling over 2.15% of the firm’s shares. Two Sigma Investments LP is the third largest shareholder in TANH, holding 290,609 shares or 1.61% stake. With a 0.01% stake in TANH, the Blackstone Alternative Multi Stra is the largest stakeholder. A total of 1,200 shares are owned by the mutual fund manager.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for TANH since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With TANH analysts setting a high price target of – and a low target of –, the average target price over the next 12 months is –.

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