Are Smart Investors Making the Right Decision? TD Holdings Inc. (GLG)

TD Holdings Inc. (NASDAQ: GLG) stock fell -3.36% on Friday to $1.15 against a previous-day closing price of $1.19. With 0.56 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.3 million shares. During the session, the Rental & Leasing Services company that operates in wider Industrials sector, reached to the highest price of $1.2000 whereas the lowest price it dropped to was $1.1400. The 52-week range on GLG shows that it touched its highest point at $2.19 and its lowest point at $0.76 during that stretch. Beta for the stock currently stands at 0.50.

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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 GLG was down-trending over the past week, with a drop of -2.54%, but this was up by 4.55% over a month. Three-month performance surged to 1.77% while six-month performance fell -11.37%. The stock lost -18.73% in the past year, while it has lost -1.71% so far this year.

Float and Shares Shorts:

At present, 55.16 million GLG shares are outstanding with a float of 19.06 million shares on hand for trading. On Oct 13, 2022, short shares totaled 0.2 million, which was 0.37% higher than short shares on Sep 14, 2022. In addition to Ms. Renmei Ouyang as the firm’s CEO, Pres & Chairwoman of the Board, Mr. Tianshi Yang serves as its CFO, Sec. & Director.

Institutional Ownership:

Through their ownership of 0.46% of GLG’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 56.57% of GLG, in contrast to 0.11% held by mutual funds. Shares owned by individuals account for 0.01%. As the largest shareholder in GLG with 0.06% of the stake, Millennium Management LLC holds 34,273 shares worth 34,273. A second-largest stockholder of GLG, Peapack-Gladstone Bank, holds 16,849 shares, controlling over 0.03% of the firm’s shares. Renaissance Technologies LLC is the third largest shareholder in GLG, holding 11,180 shares or 0.02% stake. With a 0.01% stake in GLG, the Fidelity Nasdaq Composite Index F is the largest stakeholder. A total of 2,626 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 GLG since 1 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With GLG analysts setting a high price target of $300.00 and a low target of $300.00, the average target price over the next 12 months is $300.00. Based on these targets, GLG could surge 25986.96% to reach the target high and rise by 25986.96% to reach the target low. Reaching the average price target will result in a growth of 25986.96% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. GLG will report FY 2013 earnings on 03/14/2024. Analysts have provided yearly estimates in a range of $18.50 being high and $18.50 being low. For GLG, this leads to a yearly average estimate of $18.50. Based on analyst estimates, the high estimate for the next quarter is $4.50 and the low estimate is $4.50. The average estimate for the next quarter is thus $4.50.

Summary of Insider Activity:

Insiders traded GLG stock several times over the past three months with 2 Buys and 0 Sells. In these transactions, 20,000,000 shares were bought while 0 shares were sold. The number of buy transactions has increased to 2 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 20,000,000 while 0 shares were sold.

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