Golden Heaven Group Holdings Ltd (NASDAQ: GDHG) – Time For Strategy Change?

Golden Heaven Group Holdings Ltd (NASDAQ:GDHG) currently has a daily average trading volume of 2.84M but it saw 2806747 shares traded in last market. With a market cap of 14.19M USD, the company’s current market price of $0.34 came falling about -2.16 while comparing to the previous closing price of $0.35. In past 52 weeks, the stock remained buoying in the range of price level as high as $24.99 and as low as $0.20.

Taking a look at 20-day trading activity of Golden Heaven Group Holdings Ltd (GDHG) gives us an average price of $0.2826, while its current price level is -98.64% below from 52-week high level whereas it is 67.44% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $0.3994 while that of 200 days or SMA-200 reads an average of $5.1271. A closer look into the stock’s movement over the week reveals that its volatility is standing at 16.64% during that period while stretching the period over a month that increases to 18.61%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 50.16 which implies that the stock is in neutral territory.

Over the week, GDHG’s stock price is moving 19.51% up while it is -24.47% when we observe its performance for the past one month. Year-to-date it is -53.41% down and over the past year, the stock is showing a downside performance of -91.69%.

Currently, Golden Heaven Group Holdings Ltd’s total number of outstanding shares is 51.75M. Company’s return on investment (ROI) stands at 9.80% and return on equity (ROE) at 11.84%. It has a price to earnings ratio (P/E ratio) of 2.58. Stock’s beta reads -4.48. Stock has a price to book (P/B) ratio of 0.29 while price to sale or P/S ratio amounts to 0.45. Its return on asset (ROA) is 8.43% on average.