Green Giant Inc (NASDAQ: GGE) Offers Great Upside

Green Giant Inc (NASDAQ:GGE) shares, rose in value, without any change to the previous day’s close as strong demand from buyers drove the stock to $0.03.

Actively observing the price movement in the last trading, the stock closed the session at $0.03. The value of beta (5-year monthly) was 1.22. Referring to stock’s 52-week performance, its high was $2.95, and the low was $0.03. On the whole, GGE has fluctuated by -12.39% over the past month.

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Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that GGE’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.

The stock’s technical analysis shows that the PEG ratio is about 0, with the price of GGE currently trading nearly -7.05% and -14.53% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 38.66, while the 7-day volatility ratio is showing 7.79% which for the 30-day chart, stands at 8.53%. Furthermore, Green Giant Inc (GGE)’s beta value is 1.21, and its average true range (ATR) is 0.00.

A comparison of Green Giant Inc (GGE) with its peers suggests the former has fared considerably weaker in the market. GGE showed an intraday change of 0.00% in last session, and over the past year, it shrunk by -98.90%%.

Data on historical trading for Green Giant Inc (NASDAQ:GGE) indicates that the trading volumes over the past 10 days have averaged 4.64 million and over the past 3 months, they’ve averaged 19.01 million. According to company’s latest data on outstanding shares, there are 143.45 million shares outstanding.

Nearly 12.55% of Green Giant Inc’s shares belong to company insiders and institutional investors own 4.64% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 1.6 million shares as on Mar 15, 2024, resulting in a short ratio of 0.11. According to the data, the short interest in Green Giant Inc (GGE) stood at 1.11% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 3.66 million. The stock has fallen by -40.42% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the GGE stock heading into the next quarter.