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.

Will You Miss Out On This Growth Stock Boom?

A new megatrend in the fintech market is well underway. Mobile payments are projected to boom into a massive $12 trillion market by 2028. According to Motley Fool this growth stock could "deliver huge returns." Not only in the immediate future but also over the next decade. Especially since the man behind this company is a serial entrepreneur who has been wildly successful over the years.

And this is just one of our 5 Best Growth Stocks To Own For 2023.

Sponsored

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.

Leave a Comment

Your email address will not be published. Required fields are marked *