Golden Heaven Group Holdings Ltd (NASDAQ:GDHG) shares, rose in value, with the stock price down by -1.20% to the previous day’s close as strong demand from buyers drove the stock to $0.28.
Actively observing the price movement in the last trading, the stock closed the session at $0.28. The PE ratio was 2.14 over 12-month period. Referring to stock’s 52-week performance, its high was $24.99, and the low was $0.20. On the whole, GDHG has fluctuated by -40.05% over the past month.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that GDHG’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 GDHG currently trading nearly -11.80% and -32.99% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 38.17, while the 7-day volatility ratio is showing 22.22% which for the 30-day chart, stands at 16.54%. Furthermore, Golden Heaven Group Holdings Ltd (GDHG)’s beta value is -4.40, and its average true range (ATR) is 0.05.
A comparison of Golden Heaven Group Holdings Ltd (GDHG) with its peers suggests the former has fared considerably weaker in the market. GDHG showed an intraday change of -1.20% in last session, and over the past year, it shrunk by -92.42%%.
Data on historical trading for Golden Heaven Group Holdings Ltd (NASDAQ:GDHG) indicates that the trading volumes over the past 3 months, they’ve averaged 2.75 million. According to company’s latest data on outstanding shares, there are 51.75 million shares outstanding.
Nearly 81.74% of Golden Heaven Group Holdings Ltd’s shares belong to company insiders and institutional investors own 0.77% of the company’s shares. The stock has fallen by -61.48% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the GDHG stock heading into the next quarter.
