Value Hunters: Look To Planet Green Holdings Corp. (PLAG)


    With over 1.44 million Planet Green Holdings Corp. (PLAG) shares trading Tuesday and a closing price of $2.08 on the day, the dollar volume was approximately $3.0 million. The shares have shown a positive weekly performance of 18.18% and its price on 09/01/20 gained nearly 22.71%. Currently, there are 9.23M common shares owned by the public and among those 6.17M shares have been available to trade.

    An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 1 analysts who have offered their price forecasts for PLAG have a consensus price objective of $150.00. The analysts have set the share’s price value over the next 12 months at a high of $150.00 and a low of $150.00 should the stock experience a downside. But an upside of 98.61% will see the stock hit the forecast high price target while mean target price for the stock is $150.00.

    Insiders at the company have transacted a total of 0 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 0 of these insider trades were purchases, accounting for 0 shares. Insider sales of the common stock occurred on 0 occasions, with total insider shares sold totaling 0 shares.

    Shares of Planet Green Holdings Corp. (AMEX: PLAG) opened at $1.85, up $0.15 from a prior closing price of $1.70. However, the script later closed the day at $2.08, up 22.71%. The company’s stock has a 5-day price change of 18.18% and -19.07% over the past three months. PLAG shares are trading -24.09% year to date (YTD), with the 12-month market performance down to -35.80% lower. It has a 12-month low price of $1.53 and touched a high of $5.35 over the same period. Currently, 1.44 million shares have been traded, compared to an average intraday trading volume of 150.20K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 13.18%, -8.01%, and -23.27% respectively.

    Institutional ownership of Planet Green Holdings Corp. (AMEX: PLAG) shares accounts for 0.30% of the company’s 9.23M shares outstanding. Mutual fund holders own –, while other institutional holders and individual stakeholders account for 8.81% and — respectively.

    It has a market capitalization of $23.13M and a beta (3y monthly) value of -0.14. The earnings-per-share (ttm) stands at -$0.87. Price movements for the stock have been influenced by the stock’s volatility, which stands at 10.05% over the week and 7.48% over the month.

    Analysts forecast that Planet Green Holdings Corp. (PLAG) will achieve an EPS of $0 for the current quarter, $0 for the next quarter and $0 for Next Year. The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0.

    Specifically, 1 Wall Street analysts polled rate the stock as a buy, while 0 of the 1 advise that investors “hold,” and 0 rated it as a “Sell.”


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