Addentax Group (ATXG) Stock Forecast, Price & News

Addentax Group's stock was trading at $10.7150 at the beginning of the year. Since then, ATXG shares have decreased by 85.7% and is now trading at $1.53.
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Addentax Group saw a increase in short interest during the month of August. As of August 31st, there was short interest totaling 38,200 shares, an increase of 7.6% from the August 15th total of 35,500 shares. Based on an average daily trading volume, of 227,100 shares, the short-interest ratio is currently 0.2 days. Approximately 0.9% of the company's stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Monday, November 13th 2023.
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Addentax Group Corp. (NASDAQ:ATXG) issued its earnings results on Monday, August, 14th. The company reported ($0.44) EPS for the quarter. The business earned $1.05 million during the quarter. Addentax Group had a negative trailing twelve-month return on equity of 13.57% and a negative net margin of 22.78%.

Addentax Group's stock reverse split on the morning of Friday, June 30th 2023. The 1-10 reverse split was announced on Friday, June 30th 2023. The number of shares owned by shareholders was adjusted after the market closes on Friday, June 30th 2023. An investor that had 100 shares of stock prior to the reverse split would have 10 shares after the split.

(ATXG) raised $25 million in an initial public offering on Wednesday, August 31st 2022. The company issued 5,000,000 shares at a price of $5.00 per share. Network 1 Financial Securities acted as the underwriter for the IPO.

Addentax Group trades on the NASDAQ under the ticker symbol "ATXG."

Addentax Group's stock is owned by many different retail and institutional investors. Top institutional investors include Hudson Bay Capital Management LP (4.44%), Barclays PLC (0.72%) and Virtu Financial LLC (0.39%).

Shares of ATXG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ATXG stock can currently be purchased for approximately $1.53.

Addentax Group (NASDAQ:ATXG) has a market capitalization of $6.58 million and generates $7.94 million in revenue each year. The company earns $1.32 million in net income (profit) each year or ($0.43) on an earnings per share basis.

The official website for the company is www.addentax.com. The company can be reached via phone at 8675582330336 or via email at shunyu.zheng@weitian-ir.com.