TD Holdings Inc. (GLG) shares are trading at lower $1.99.
To add more color to this target, the company’s high over the last year is $4.02 and the low is $1.20. Over the last 52 weeks, GLG is up 33.56% while the S&P 500 is up 17.73%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, GLG reported a profit of $2.34 million. TD Holdings Inc. also saw revenues increase to $2.36 million. In addition, GLG has free cash flow of $0.94 million as of 09-2020.
GLG booked profit margins of -80.20%, its Return on Equity (ROE) is -7.00%, and its Return on Assets is -6.30%. All told, it is clear that, GLG needs to be on your watchlist.
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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. GLG has a short ratio of 0.42 and outstanding shares of 71.13M.
GLG has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.17 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -0.38. Investors should also keep an eye on sector updates as GLG has historically followed its peers on positive news.
All told, TD Holdings Inc. GLG has strung together solid data and demonstrated underlying fundamentals. At its current valuation, GLG represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.
TD Holdings Inc. GLG is now commanding a market cap of 157.11M and a float of 61.85M. GLG is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of GLG stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in GLG, either long or short, and we have not been compensated for this article.