NASDAQ:GTEC

Greenland Technologies (GTEC) Stock Forecast, Price & News

$1.82

+0.01 (+0.55%)

(As of 01:35 PM ET)

Compare

Today's Range: $1.71
▼
$1.83
50-Day Range: $1.19
▼
$1.89
52-Week Range: $1.13
▼
$4.79

Volume: 50,027 shs
Average Volume: 130,301 shs
Market Capitalization: $23.62 million

P/E Ratio: 7.00
Dividend Yield: N/A
Price Target: N/A

Greenland Technologies MarketRank™ Forecast

Analyst Rating: N/A
Upside/Downside: N/A
Short Interest: Healthy
1.03% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.38
Based on 14 Articles This Week
Insider Trading: Acquiring Shares
$99,750 Bought Last Quarter
Proj. Earnings Growth: 128.57%
From $0.07 to $0.16 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.80 out of 5 stars

Computer And Technology Sector

55th out of 618 stocks

General Industrial Machinery & Equipment Industry

1st out of 9 stocks

N/A

Analyst's Opinion

Consensus Rating
There is not enough analysis data for Greenland Technologies.

3.0

Short Interest

Percentage of Shares Shorted
1.03% of the float of Greenland Technologies has been sold short.
Short Interest Ratio / Days to Cover
Greenland Technologies has a short interest ratio ("days to cover") of 0.4, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Greenland Technologies has recently increased by 548.57%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Greenland Technologies does not currently pay a dividend.
Dividend Growth
Greenland Technologies does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for GTEC.

3.0

News and Social Media Coverage

News Sentiment
Greenland Technologies has a news sentiment score of 0.38. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.58 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 14 news articles for Greenland Technologies this week, compared to 1 article on an average week.
Search Interest
15 people have searched for GTEC on MarketBeat in the last 30 days.
MarketBeat Follows
1 people have added Greenland Technologies to their MarketBeat watchlist in the last 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Greenland Technologies insiders have bought more of their company's stock than they have sold. Specifically, they have bought $99,750.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
50.43% of the stock of Greenland Technologies is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 10.67% of the stock of Greenland Technologies is held by institutions.

3.8

Earnings and Valuation

Earnings Growth
Earnings for Greenland Technologies are expected to grow by 128.57% in the coming year, from $0.07 to $0.16 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Greenland Technologies is 7.00, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 127.72.
Price to Earnings Ratio vs. Sector
The P/E ratio of Greenland Technologies is 7.00, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 302.85.
Price to Book Value per Share Ratio
Greenland Technologies has a P/B Ratio of 0.28. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Greenland Technologies (NASDAQ:GTEC) Stock

Greenland Technologies Holding Corporation develops, manufactures, and sells transmission products for material handling machineries in the People's Republic of China. The company offers transmission products for forklift trucks that are used in manufacturing and logistic applications, such as factories, workshops, warehouses, fulfillment centers, shipyards, and seaports. It is also involved developing powertrains, as well as electrical industrial vehicles. The company was founded in 2006 and is headquartered in East Windsor, New Jersey.

Receive GTEC Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Greenland Technologies and its competitors with MarketBeat's FREE daily newsletter.

GTEC Stock News Headlines

May 26, 2023 | americanbankingnews.com

Q2 2023 Earnings Forecast for Greenland Technologies Holding Co. (NASDAQ:GTEC) Issued By Litchfield Hills Research

May 25, 2023 | msn.com

Greenland Technologies Earnings Perspective: Return On Capital Employed

May 30, 2023 | Edge On The Street (Ad)

New "Mined in America" Lithium Opportunities?

The average electric vehicle needs 138 pounds of lithium carbonate for its battery components. But China currently controls the entire lithium supply chain.

May 25, 2023 | msn.com

Greenland Technologies CEO Share Purchase Shows Confidence That's Been Noticed by Analysts

May 25, 2023 | americanbankingnews.com

Raymond Z. Wang Purchases 66,500 Shares of Greenland Technologies Holding Co. (NASDAQ:GTEC) Stock

May 24, 2023 | baystreet.ca

Greenland Hikes as CEO Buys Shares

May 24, 2023 | finance.yahoo.com

Greenland Technologies Announces Share Purchase by Chief Executive Officer, Raymond Wang

May 23, 2023 | americanbankingnews.com

Research Analysts Issue Forecasts for Greenland Technologies Holding Co.'s FY2023 Earnings (NASDAQ:GTEC)

May 30, 2023 | Edge On The Street (Ad)

Is Graphite the New Lithium?

Did you know that graphite (NOT lithium) is the largest component of lithium batteries used for EV's? Unfortunately, there are no graphite-producing mines in North America today. This leaves the U.S. at the mercy of China for our vital graphite supply.

May 20, 2023 | finance.yahoo.com

Q1 2023 Greenland Technologies Holding Corp Earnings Call

May 19, 2023 | finanznachrichten.de

Greenland Technologies Holding Corporation: Greenland Technologies Reports First Quarter 2023 Unaudited Financial Results

May 19, 2023 | msn.com

Greenland Technologies GAAP EPS of $0.11, revenue of $22.1M

May 19, 2023 | markets.businessinsider.com

Greenland Technologies Earnings Down In Q1, But Beat View; Stock Up In Premarket

May 19, 2023 | msn.com

Greenland Technologies Shares Up After Q1 Earnings Beat, Sees Solid Demand Ahead

May 18, 2023 | markets.businessinsider.com

Here's what to expect from Greenland Technologies's earnings report

May 18, 2023 | msn.com

Earnings Outlook For Greenland Technologies

May 16, 2023 | investing.com

Greenland Acquisition (GTEC) Earnings Dates & Reports

May 16, 2023 | finance.yahoo.com

Greenland Technologies to Report First Quarter 2023 Unaudited Financial Results on Friday, May 19, 2023

May 9, 2023 | msn.com

Greenland Technologies subsidiary HEVI gets new operations chief

May 9, 2023 | finance.yahoo.com

HEVI Announces Appointment of Chief Operating Officer

May 8, 2023 | finance.yahoo.com

Earnings Preview: Greenland Technologies Holding Corporation (GTEC) Q1 Earnings Expected to Decline

May 8, 2023 | seekingalpha.com

FUBO, MULN and BAK are among pre-market gainers

May 2, 2023 | finance.yahoo.com

Greenland Technologies to Showcase Electric Front Loader at NYC Fleet Show 2023

April 25, 2023 | finance.yahoo.com

Greenland Technologies to Present at Upcoming Aegis Virtual Conference on May 2, 2023

April 18, 2023 | finance.yahoo.com

Greenland Technologies to Participate in Water Tower Research Fireside Chat Event on April 20 at 1:00 pm ET

April 12, 2023 | finance.yahoo.com

Greenland Technologies Announces Initiation of Coverage by Water Tower Research

April 7, 2023 | finance.yahoo.com

Greenland Technologies Holding Corporation (NASDAQ:GTEC) Q4 2022 Earnings Call Transcript

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

Receive GTEC Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Greenland Technologies and its competitors with MarketBeat's FREE daily newsletter.

GTEC Company Calendar

Last Earnings: 3/30/2023
Today: 5/30/2023
Next Earnings (Estimated): 8/11/2023
Fiscal Year End: 12/31/2023

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: General industrial machinery & equipment
Sub-Industry: N/A
Sector: Computer and Technology
Current Symbol: NASDAQ:GTEC
CUSIP: N/A
CIK: 1735041
Web: www.gtec-tech.com
Phone: 888-827-4832
Fax: N/A
Employees: 328
Year Founded: N/A

Profitability

EPS (Most Recent Fiscal Year): $0.26
Trailing P/E Ratio: 7.00
Forward P/E Ratio: 26.00
P/E Growth: N/A
Net Income: $3.56 million
Net Margins: 3.85%
Pretax Margin: 7.81%
Return on Equity: 3.87%
Return on Assets: 2.07%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 2.05
Quick Ratio: 1.71

Sales & Book Value

Annual Sales: $90.83 million
Price / Sales: 0.26
Cash Flow: $0.46 per share
Price / Cash Flow: 3.92
Book Value: $6.54 per share
Price / Book: 0.28

Miscellaneous

Outstanding Shares: 12,980,000
Free Float: 6,434,000
Market Cap: $23.62 million
Optionable: Not Optionable
Beta: 1.53

Key Executives

Mr. Peter Zuguang Wang (Age 68)
Founder & Chairman

Mr. Raymond Z. Wang (Age 39)
CEO & Pres
Comp: $145k

Mr. Jing Jin (Age 41)
CFO & Corp. Sec.
Comp: $136k

Dr. Lei Chen Ph.D. (Age 63)
Chief Scientist

Mr. Jerry Zheng (Age 51)
Chief Operating Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

GTEC Stock - Frequently Asked Questions

How have GTEC shares performed in 2023?: Greenland Technologies' stock was trading at $2.18 at the beginning of 2023. Since then, GTEC stock has decreased by 16.5% and is now trading at $1.82.
View the best growth stocks for 2023 here.
Are investors shorting Greenland Technologies?: Greenland Technologies saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 68,100 shares, an increase of 548.6% from the April 30th total of 10,500 shares. Based on an average daily trading volume, of 164,400 shares, the short-interest ratio is currently 0.4 days. Approximately 1.0% of the company's shares are sold short.
View Greenland Technologies' Short Interest.
When is Greenland Technologies' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Friday, August 11th 2023.
View our GTEC earnings forecast.
How were Greenland Technologies' earnings last quarter?: Greenland Technologies Holding Co. (NASDAQ:GTEC) posted its quarterly earnings results on Thursday, March, 30th. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of $0.04 by $0.12. The business had revenue of $19.13 million for the quarter, compared to analyst estimates of $25 million. Greenland Technologies had a trailing twelve-month return on equity of 3.87% and a net margin of 3.85%.
What other stocks do shareholders of Greenland Technologies own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Greenland Technologies investors own include IntelGenx Technologies (IGXT), Zevra Therapeutics (KMPH), Naked Brand Group (NAKD), Ocugen (OCGN), QuoteMedia (QMCI), Vislink Technologies (VISL), ADDvantage Technologies Group (AEY), Aethlon Medical (AEMD), Aehr Test Systems (AEHR) and Ayala Pharmaceuticals (ADXS).
What is Greenland Technologies' stock symbol?: Greenland Technologies trades on the NASDAQ under the ticker symbol "GTEC."

Who are Greenland Technologies' major shareholders?: Greenland Technologies' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Armistice Capital LLC (2.65%). Insiders that own company stock include Jing Jin, Peter Wang and Raymond Z Wang.
View institutional ownership trends.
How do I buy shares of Greenland Technologies?: Shares of GTEC 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.
Compare Top Brokerages Here.
What is Greenland Technologies' stock price today?: One share of GTEC stock can currently be purchased for approximately $1.82.
How much money does Greenland Technologies make?: Greenland Technologies (NASDAQ:GTEC) has a market capitalization of $23.62 million and generates $90.83 million in revenue each year. The company earns $3.56 million in net income (profit) each year or $0.26 on an earnings per share basis.
How many employees does Greenland Technologies have?: The company employs 328 workers across the globe.
How can I contact Greenland Technologies?: Greenland Technologies' mailing address is 11-F BUILDING 12 SUNKING PLAZA GAOJIAO ROAD, HANGZHOU F4, 311122. The official website for the company is www.gtec-tech.com. The company can be reached via phone at 888-827-4832 or via email at julia@blueshirtgroup.com.

This page (NASDAQ:GTEC) was last updated on 5/30/2023 by MarketBeat.com Staff

Get 30 Days of MarketBeat All Access Free

Best-in-Class Portfolio Monitoring
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Stock Ideas and Recommendations
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Advanced Stock Screeners and Research Tools
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your 30-Day Free Trial