A look into Addentax Group Corp. (ATXG)’s deeper side

Addentax Group Corp. (NASDAQ: ATXG) stock fell -0.61% on Monday to $1.63 against a previous-day closing price of $1.64. With 91813.0 shares changed hands, the volume of the stock remained lighter than its average volume of 0.6 million shares. During the session, the Integrated Freight & Logistics company that operates in wider Industrials sector, reached to the highest price of $1.6800 whereas the lowest price it dropped to was $1.6200. The 52-week range on ATXG shows that it touched its highest point at $656.54 and its lowest point at $0.97 during that stretch.

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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 ATXG was up-trending over the past week, with a rise of 2.52%, but this was up by 40.52% over a month. Three-month performance dropped to -31.22% while six-month performance fell -97.66%. The stock lost -96.02% in the past year, while it has gained 52.12% so far this year.

Float and Shares Shorts:

At present, 31.09 million ATXG shares are outstanding with a float of 29.06 million shares on hand for trading. On Dec 29, 2022, short shares totaled 3530.0, which was 0.01% higher than short shares on Nov 29, 2022. In addition to Mr. Hong Zhida as the firm’s Chairman, CEO, Pres & Sec., Mr. Chao Huang serves as its CFO & Treasurer.

Institutional Ownership:

Through their ownership of 0.17% of ATXG’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 0.17% of ATXG, in contrast to 0.01% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in ATXG with 0.08% of the stake, Geode Capital Management LLC holds 23,360 shares worth 23,360. A second-largest stockholder of ATXG, UBS Securities LLC, holds 19,337 shares, controlling over 0.06% of the firm’s shares. Two Sigma Securities LLC is the third largest shareholder in ATXG, holding 11,302 shares or 0.04% stake. With a 0.01% stake in ATXG, the Fidelity Nasdaq Composite Index F is the largest stakeholder. A total of 2,062 shares are owned by the mutual fund manager. The Fidelity Nasdaq Composite Index E, which owns about 0.00% of ATXG stock, is the second-largest Mutual Fund holder. It holds 0 shares valued at 0.0.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Sep 29, 2022, ATXG reported revenue of $2.39M and operating income of $46.10k. The EBITDA in the recently reported quarter was $136.31k and diluted EPS was $0.00.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ATXG 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.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

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