IT Tech Packaging, Inc. (NYSE: ITP), at -222.22% from peak, ready for a comeback? – Marketing Sentinel


In the last trading session, IT Tech Packaging, Inc. (NYSE: ITP) saw 675,980 stocks change hands with its beta currently measuring 0.22. The company’s recent level of price per share of $ 0.45, trading at $ 0.02 or 3.84% as the day rings, puts it at a market valuation of $ 44.23 million. This ITP share closing price is at a discount of -222.22% from its 52-week high of $ 1.45 and indicates a 13.33% premium over its price on 52-week low of $ 0.39. A review of the company’s average trading volume over the past 10 days shows a volume of 1.8 million shares, which gives us an average trading volume of 3.72 million if we extend this period to 3 month.

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For IT Tech Packaging, Inc. (ITP), the analyst consensus is at an average Hold recommendation while giving it an average rating of 0. The data split highlights that out of 1 analyst covering the stock, none rated the stock as Sell while none recommended an overweight rating for the stock. 1 suggested the stock as an expectation while none consider the stock to be a buy. No analyst has advised it as underweight. The company is expected to achieve EPS of $ 0 in the current quarter.

Standing in the green in the last session for gaining 3.84%, over the past five days ITP has remained in the green while hitting its highest of the week on Tuesday July 06 when the stock went down hit the price point of $ 0.48, adding 6.98% to its value on the day. Shares of IT Tech Packaging, Inc. have seen a -19.77% change in performance since the start of the year and have moved -6.53% in the past 5 days. IT Tech Packaging, Inc. (NYSE: ITP) has posted a performance of -15.75% over the past 30 days. The number of shares sold short was 3.6 million shares which calculate 0.97 days to cover short interest.

Wall Street analysts have set a consensus target price of $ 5 for the stock, which implies a 1011.11% rise from its current value. Analysts projected $ 5 as a low price target for the stock while placing it at a high target of $ 5. It follows that the current stock price would jump + 1011.11% to reach the projected high, while falling to the targeted low would mean a loss of 1011.11% to the current value of the stock.

Estimates and Forecasts from IT Tech Packaging, Inc. (ITP)

Weighing the company’s profits over the past 5 years and over the next 5 years, we find that the company shows an annual profit growth rate of -18.8% over the past 5 years. In 2021, the company’s profit growth rate is expected to be around -307.9%, while its estimated profit growth over the next 5 years is 20%.

Principal Holders of IT Tech Packaging, Inc. (NYSE: ITP)

Insiders hold 5.47% of the company’s total shares while the institution owns 2.47%, with the shares having a free float percentage of 2.62%. Investors are also watching very closely the number of corporate investors in a company, namely 14 institutions for IT Tech Packaging, Inc. that currently own shares of the company. Virtu Financial LLC is the first institutional holder of ITP to have 543.29 thousand shares with a value of 358.79 thousand dollars. And as of March 30, 2021, he owned 0.55% of the outstanding shares of the company.

The second largest institutional holder is Two Sigma Securities, LLC, which held approximately 451.67 thousand shares on March 30, 2021. The number of shares represents the holding of more than 0.46% of the outstanding shares by the company, for a total value of 298.28 thousand dollars.

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