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.
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.
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.
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 –.