IT Tech Packaging Inc. (ITP) soared 6.72 in the last month: It’s impossible to believe the numbers

A new trading day began on June 22, 2022, with IT Tech Packaging Inc. (AMEX: ITP) stock priced at $0.16, up 6.72% from the previous day of trading. During the day, the shares moved up to $0.17 and dropped to $0.16 before settling in for the closing price of $0.16. ITP’s price has ranged from $0.13 to $0.60 over the past 52 weeks.

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Annual sales at Basic Materials sector company grew by 3.60% over the past five years. Meanwhile, its annual earnings per share averaged 107.20%. With a float of $93.63 million, this company’s outstanding shares have now reached $99.05 million.

Let’s look at the performance matrix of the company that is accounted for 366 employees. In terms of profitability, gross margin is +6.85, operating margin of +0.91, and the pretax margin is +4.01.

IT Tech Packaging Inc. (ITP) Insider Updates

As we move forward, let’s examine how large-scale investors are investing in this stock of the Paper & Paper Products Industry. The insider ownership of IT Tech Packaging Inc. is 5.47%, while institutional ownership is 1.90%.

IT Tech Packaging Inc. (ITP) Performance Highlights and Predictions

This company achieved a net margin of +0.56 while generating a return on equity of 0.46. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 107.20% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 20.00% during the next five years compared to -46.40% drop over the previous five years of trading.

IT Tech Packaging Inc. (AMEX: ITP) Trading Performance Indicators

Here are IT Tech Packaging Inc.’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 2.20. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.11.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.05

Technical Analysis of IT Tech Packaging Inc. (ITP)

IT Tech Packaging Inc. (AMEX: ITP) saw its 5-day average volume 1.13 million, a negative change from its year-to-date volume of 3.94 million. As of the previous 9 days, the stock’s Stochastic %D was 18.89%. Additionally, its Average True Range was 0.02.

During the past 100 days, IT Tech Packaging Inc.’s (ITP) raw stochastic average was set at 10.35%, which indicates a significant decrease from 22.89% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 107.20% in the past 14 days, which was lower than the 144.75% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $0.2397, while its 200-day Moving Average is $0.2755. Nevertheless, the first resistance level for the watch stands at $0.1748 in the near term. At $0.1796, the stock is likely to face the second major resistance level. The third major resistance level sits at $0.1892. If the price goes on to break the first support level at $0.1604, it is likely to go to the next support level at $0.1508. Assuming the price breaks the second support level, the third support level stands at $0.1460.

IT Tech Packaging Inc. (AMEX: ITP) Key Stats

With a market capitalization of 16.23 million, the company has a total of 99,050K Shares Outstanding. Currently, annual sales are 160,880 K while annual income is 910 K. The company’s previous quarter sales were 15,480 K while its latest quarter income was -2,490 K.


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