The Week Ahead: Are Investors Really Too Optimistic About Golden Heaven Group Holdings Ltd (NASDAQ: GDHG)

Golden Heaven Group Holdings Ltd (NASDAQ:GDHG) currently has a daily average trading volume of 308.41K but it saw 5207199 shares traded in last market. With a market cap of 45.92M USD, the company’s current market price of $1.33 came rising about 15.65 while comparing to the previous closing price of $1.15. In past 52 weeks, the stock remained buoying in the range of price level as high as $27.00 and as low as $0.72. In the recent trading on the day, stock has struck highest price mark of $1.05 while lowest mark touched by it was $1.39.

Taking a look at 20-day trading activity of Golden Heaven Group Holdings Ltd (GDHG) gives us an average price of $1.0388, while its current price level is -95.07% below from 52-week high level whereas it is 84.47% 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 $1.5559 while that of 200 days or SMA-200 reads an average of $4.0324. A closer look into the stock’s movement over the week reveals that its volatility is standing at 11.79% during that period while stretching the period over a month that increases to 12.93%. 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 56.51 which implies that the stock is in neutral territory.

Over the week, GDHG’s stock price is moving 21.46% up while it is 26.67% when we observe its performance for the past one month. Year-to-date it is -42.42% down and over the past year, the stock is showing a downside performance of -94.36%.

The company is expected to be releasing its next quarterly report in April, for which analysts forecasted an EPS of 0 while estimate for next year EPS is 0.

Currently, Golden Heaven Group Holdings Ltd’s total number of outstanding shares is 3.92M with 88.88% of that held by the insiders while 0.17% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -1.94% and return on equity (ROE) at -2.48%. It has a price to earnings ratio (P/E ratio) of 0.94. Stock’s beta reads -4.51. Stock has a price to book (P/B) ratio of 0.07 while price to sale or P/S ratio amounts to 2.06. Its return on asset (ROA) is -1.99% on average.