NASDAQ:GTEC

Greenland Technologies (GTEC) Stock Forecast, Price & News

$3.01

-0.11 (-3.53%)

(As of 12:37 PM ET)

Compare

Today's Range: $3.01
▼
$3.21
50-Day Range: $1.53
▼
$4.95
52-Week Range: $1.13
▼
$5.25

Volume: 51,917 shs
Average Volume: 150,994 shs
Market Capitalization: $39.07 million

P/E Ratio: 9.71
Dividend Yield: N/A
Price Target: N/A

Greenland Technologies MarketRank™ Forecast

Analyst Rating: N/A
Upside/Downside: N/A
Short Interest: Healthy
2.79% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.90
Based on 4 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: -10.53%
From $0.38 to $0.34 Per Share

Overall MarketRank^™

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

2.04 out of 5 stars

Computer And Technology Sector

410th out of 611 stocks

General Industrial Machinery & Equipment Industry

5th out of 8 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
2.79% 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 0.9, 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 304.42%, 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.

3.8

News and Social Media Coverage

News Sentiment
Greenland Technologies has a news sentiment score of 0.90. 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 higher news sentiment than the 0.64 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for Greenland Technologies this week, compared to 1 article on an average week.
Search Interest
9 people have searched for GTEC on MarketBeat in the last 30 days. This is an increase of 29% compared to the previous 30 days.
MarketBeat Follows
5 people have added Greenland Technologies to their MarketBeat watchlist in the last 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Greenland Technologies insiders have not sold or bought any 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 2.75% of the stock of Greenland Technologies is held by institutions.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Greenland Technologies are expected to decrease by -10.53% in the coming year, from $0.38 to $0.34 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Greenland Technologies is 9.71, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 111.60.
Price to Earnings Ratio vs. Sector
The P/E ratio of Greenland Technologies is 9.71, 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 222.77.
Price to Book Value per Share Ratio
Greenland Technologies has a P/B Ratio of 0.46. 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 electric industrial vehicles. Greenland Technologies Holding Corporation was founded in 2006 and is headquartered in East Windsor, New Jersey.

GTEC Price History

30 days | 90 days | 365 days | Advanced Chart

GTEC Stock News Headlines

October 2, 2023 | benzinga.com

Greenland Technologies (NASDAQ: GTEC) Announces A New Partnership With Quality Truck Center Following A String Of Successful Strategic Partnerships

September 27, 2023 | benzinga.com

Greenland Technologies Wins Port Of Baltimore Bid, Contributing To 15,300 Direct Jobs And $3.3 Billion In Salaries

October 2, 2023 | PressReach (Ad)

Nuclear Revival Creates Opportunities for Uranium

Uranium companies set to benefit from increased demand for clean energy.

September 25, 2023 | finance.yahoo.com

Greenland Technologies Announces Quality Truck Center has Joined HEVI's Approved Service Provider Network Program

September 18, 2023 | finance.yahoo.com

Greenland Technologies to Showcase Electrification Solutions at 2023 UTCA Convention

September 15, 2023 | finance.yahoo.com

HEVI’s Line Of All-Electric Excavators And Loaders Finally Brings A Zero Emission Alternative To Diesel-Powered Heavy Equipment

September 12, 2023 | finance.yahoo.com

Alert: Greenland Technologies Wins Bid from Maryland's Port of Baltimore

September 6, 2023 | finance.yahoo.com

Greenland Technologies to Present at H.C. Wainwright's 25th Annual Global Investment Conference

October 2, 2023 | PressReach (Ad)

Nuclear Revival Creates Opportunities for Uranium

Uranium companies set to benefit from increased demand for clean energy.

August 31, 2023 | finance.yahoo.com

Why Fast-paced Mover Greenland Technologies Holding Corporation (GTEC) Is a Great Choice for Value Investors

August 23, 2023 | finance.yahoo.com

New Industries For Electrification: HEVI’s Portfolio Of Electric Vehicles Could See Applications In A Range Of Underelectrified Industries

August 22, 2023 | benzinga.com

New Industries For Electrification: HEVI's Portfolio Of Electric Vehicles Could See Applications In A Range Of Underelectrified Industries

August 22, 2023 | finance.yahoo.com

Greenland Technologies Holding Corporation (NASDAQ:GTEC) Q2 2023 Earnings Call Transcript

August 22, 2023 | finance.yahoo.com

Q2 2023 Greenland Technologies Holding Corp Earnings Call

August 21, 2023 | msn.com

Greenland Technologies GAAP EPS of $0.18, revenue of $23.6M

August 21, 2023 | finance.yahoo.com

Greenland Technologies Reports Second Quarter and First Half 2023 Unaudited Financial Results

August 18, 2023 | benzinga.com

Greenland Technologies Earnings Preview

August 18, 2023 | finance.yahoo.com

Greenland Technologies to Report Second Quarter and First Half 2023 Unaudited Financial Results on Monday, August 21, 2023

August 15, 2023 | benzinga.com

This Company At The Intersection Of Two Multi-Billion Dollar Industries Offers A Solution To America's Biggest Mobile Source Of Air Pollutants

August 13, 2023 | finance.yahoo.com

Greenland Technologies Holding (NASDAQ:GTEC) Is Doing The Right Things To Multiply Its Share Price

July 9, 2023 | fool.com

Greenland Technologies (NASDAQ: GTEC)

July 7, 2023 | finanznachrichten.de

As Electrification Market Passes $74 Billion, Has Greenland Technologies Found A Niche In The Green Energy Market?

July 6, 2023 | benzinga.com

Cars In The U.S. Are Being Rapidly Electrified, But What About Heavy Machinery? Greenland Technologies May Have the Solution

June 28, 2023 | ca.finance.yahoo.com

GTEC - Greenland Technologies Holding Corporation

June 27, 2023 | benzinga.com

As Electrification Market Passes $74 Billion, Has Greenland Technologies (NASDAQ: GTEC) Found A Niche In The Green Energy Market?

June 14, 2023 | finance.yahoo.com

Greenland's HEVI COO Dana Hopkins to Participate in Fireside Chat on June 21, 2023

May 25, 2023 | msn.com

Greenland Technologies Earnings Perspective: Return On Capital Employed

See More Headlines

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GTEC Company Calendar

Last Earnings: 8/21/2023
Today: 10/02/2023
Next Earnings (Estimated): 11/08/2023
Fiscal Year End: 12/31/2023

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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: 330
Year Founded: N/A

Profitability

EPS (Most Recent Fiscal Year): $0.31
Trailing P/E Ratio: 10.06
Forward P/E Ratio: 8.21
P/E Growth: N/A
Net Income: $3.56 million
Net Margins: 4.77%
Pretax Margin: 8.25%
Return on Equity: 4.84%
Return on Assets: 2.65%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 2.04
Quick Ratio: 1.73

Sales & Book Value

Annual Sales: $90.83 million
Price / Sales: 0.45
Cash Flow: $0.46 per share
Price / Cash Flow: 6.75
Book Value: $6.54 per share
Price / Book: 0.48

Miscellaneous

Outstanding Shares: 12,980,000
Free Float: 6,434,000
Market Cap: $40.50 million
Optionable: Not Optionable
Beta: 1.35

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Key Executives

Mr. Peter Zuguang Wang (Age 68)
Founder & Chairman
Comp: $25k

Mr. Raymond Z. Wang (Age 39)
CEO & Pres
Comp: $200k

Mr. Jing Jin (Age 41)
CFO & Corp. Sec.
Comp: $200k

Mr. Dana Hopkins
Chief Operating Officer of HEVI Corp.

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

GTEC Stock - Frequently Asked Questions

Should I buy or sell Greenland Technologies stock right now?: 1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Greenland Technologies in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" GTEC shares.
View GTEC analyst ratings or view top-rated stocks.
How have GTEC shares performed in 2023?: Greenland Technologies' stock was trading at $2.18 at the start of the year. Since then, GTEC stock has increased by 43.1% and is now trading at $3.12.
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 September. As of September 15th, there was short interest totaling 183,200 shares, an increase of 304.4% from the August 31st total of 45,300 shares. Based on an average trading volume of 213,700 shares, the short-interest ratio is presently 0.9 days. Currently, 2.8% of the company's shares are short sold.
View Greenland Technologies' Short Interest.
When is Greenland Technologies' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 8th 2023.
View our GTEC earnings forecast.
How were Greenland Technologies' earnings last quarter?: Greenland Technologies Holding Co. (NASDAQ:GTEC) issued its quarterly earnings data on Monday, August, 21st. The company reported $0.18 earnings per share for the quarter. The business earned $23.57 million during the quarter, compared to analyst estimates of $22 million. Greenland Technologies had a trailing twelve-month return on equity of 4.84% and a net margin of 4.77%.
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."
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 $3.12.
How much money does Greenland Technologies make?: Greenland Technologies (NASDAQ:GTEC) has a market capitalization of $40.50 million and generates $90.83 million in revenue each year. The company earns $3.56 million in net income (profit) each year or $0.31 on an earnings per share basis.
How many employees does Greenland Technologies have?: The company employs 330 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 10/2/2023 by MarketBeat.com Staff

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