With 91.03% Distance from Low, Is Greenpro Capital Corp. (NASDAQ:GRNQ) Poised For More Gains?

In last trading session, Greenpro Capital Corp. (NASDAQ:GRNQ) saw 2,543,432 shares changing hands with its beta currently measuring 0. Company’s recent per share price level of $2.34 trading at -$0.18 or -7.14% at ring of the bell on the day assigns it a market valuation of $138.54 Million. That closing price of GRNQ’s stock is at a discount of -59.4% from its 52-week high price of $3.73 and is indicating a premium of 91.03% from its 52-week low price of $0.21. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 8.78 Million shares which gives us an average trading volume of 3.08 Million if we extend that period to 3-months.

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For Greenpro Capital Corp. (GRNQ), analysts’ consensus is at an average recommendation of Hold while assigning it a mean rating of 3. Splitting up the data highlights that, out of 1 analysts covering the stock, none rated the stock as a Sell while none recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas none see the stock as a Buy. None analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0 in the current quarter.

In the face of being in the red during last session for losing -7.14%, in the last five days GRNQ remained trading in the green while hitting it’s week-highest on Friday, Jan 08 when the stock touched $3.73-3 price level, adding 37.27% to its value on the day. Greenpro Capital Corp.’s shares saw a change of 14.15% in year-to-date performance and have moved 23.16% in past 5-day. Greenpro Capital Corp. (NASDAQ:GRNQ) showed a performance of 78.63% in past 30-days. Number of shares sold short was 727.76 Million shares which calculate 236.29 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of $8 to the stock, which implies a rise of 241.88% to its current value. Analysts have been projecting $8 as a low price target for the stock while placing it at a high target of $8. It follows that stock’s current price would jump +241.88% in reaching the projected high whereas dropping to the targeted low would mean a loss of 241.88% for stock’s current value.

Greenpro Capital Corp. (GRNQ) estimates and forecasts

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -49.8% during past 5 years. In 2021, company’s earnings growth rate is likely to be around 84.5% while estimates for its earnings growth in next 5 years are of 0%

Greenpro Capital Corp. (NASDAQ:GRNQ)’s Major holders

Insiders are in possession of 71.88% of company’s total shares while institution are holding 2.02% percent of that, with stock having share float percentage of 7.19%. Investors also watch the number of corporate investors in a company very closely, which is 7 institutions for Greenpro Capital Corp. that are currently holding shares of the company. CVI Holdings, LLC is the top institutional holder at GRNQ for having 1Million shares of worth $1.45 Million. And as of September 29, 2020, it was holding 1.83% of the company’s outstanding shares.

The second largest institutional holder is Renaissance Technologies, LLC, which was holding about 133.68 Thousand shares on September 29, 2020. The number of shares represents firm’s hold over 0.24% of outstanding shares, having a total worth of $193.83 Thousand.

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