IT Tech Packaging Inc. (AMEX:ITP) saw a downside of -2.63% to close Tuesday at $0.37 after subtracting -$0.01 on the day. The 5-day average trading volume is 1,638,020 shares of the company’s common stock. It has gained $0.3942 in the past week and touched a new high 3 times within the past 5 days. An average of 1,713,635 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,345,460.
ITP’s 1-month performance is -8.89% or -$0.0361 on its low of $0.3530 reached on 09/21/21. The company’s shares have touched a 52-week low of $0.35 and high of $1.45, with the stock’s rally to the 52-week high happening on 02/17/21. YTD, ITP has lost -33.51% or -$0.1865 and has reached a new high 13 times. However, the current price is down -74.48%% from the 52-week high price.
Sponsored
The company’s PE ratio for the last five years has touched a high of 21.30 and a low of 1.896.ITP stock has a beta of 0.22. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.28 while the price-to-book (PB) in the most recent quarter is 0.08.
As well, the company’s total debt to equity was 0.08. In terms of profitability, the gross margin trailing 12 months is 6.00%The trailing 12-month EBITDA margin is 10.24% while IT Tech Packaging Inc.’s operating margin was -1.30%. The firm’s gross profit as reported stood at $5.7 million against revenue of $100.94 million.
The effectiveness of a company’s management is also important for investors when it comes to determining the potential profitability of the investment. IT Tech Packaging Inc.’s return on assets over the past 12 months stands at -3.20%. Return on investment over the past year is -2.20%, while its return on equity (ROE) trailing 12 months is -3.70%. In comparison, the average ROE for the broader industry over the past year is 5.86.
Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 100.0% to $46.53 million, while revenue of $1.21 billion was -2506.98% off the previous quarter. EBITDA for the quarter stood at more than $4.5 million. ITP stock balance sheet for the recent quarter shows that total liabilities totaled 31.38 million, with total debt at $16.57 million. Shareholders hold equity totaling $99.05 million
Let’s look briefly at IT Tech Packaging Inc. (ITP) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 28 September was 32.74% to suggest the stock is trending Neutral, with historical volatility in this time period at 46.04%.
The stock’s 5-day moving average is $0.3786, reflecting a -0.94% or -$0.0035 change from its current price. ITP is currently trading -9.76% above its 20-day SMA, -23.47% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -21.08% and -41.39% respectively.
Stochastic %K and %D was 21.68% and 25.23% and the average true range (ATR) pointed at 0.0239. The RSI (14) points at 36.54%, while the 14-day stochastic is at 16.50% with the period’s ATR at 0.0245. The stock’s 9-day MACD Oscillator is pointing at -0.0093 and -0.0216 on the 14-day charts.
Analysts offering their rating for ITP stock have a consensus rating for the stock as Hold. Currently, 0 brokerage advisors rate ITP as a “sell,”, while 1 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 0 have offered a “buy” rating.
Analysts have a consensus price target ranging from a low of $5.00 and a high of $5.00, with their median price target at $5.00. Looking at these predictions, the average price target given by analysts is for IT Tech Packaging Inc. (ITP) stock is $5.00.
FostersLeader.com is an Economic news website that offers numerous insights into the Stock market and Equities. One of the major objectives of the platform is to present practical recommendations on capital sharing between public and private institutions in the form of updated information and in-depth analysis.
© FostersLeader. All rights reserved!
SPECIAL GIFT
WE HAVE A GIFT FOR YOU
Download Free eBook For
7 GROWTH STOCKS FOR 2021
100% free. stop anytime no spam