The stock of GreenTree Hospitality Group Ltd. (NYSE:GHG) is now priced at $13.36 and the shares are -0.37 points down or -2.69% lower compared to its previous closing price of $13.73. The stock had 101205 contracts set over the past session. GHG shares’ daily volume is compared to its average trading volume at 95525 shares. However, it has a float of 66.79 million and although its performance was 3.23% over the week, it’s one to watch. GHG share price recently placing at $13.58 to $14.1. However, some brokerage firms have priced the stock below the average, including one that has called $¥98.85.
The shorts are running away from the GreenTree Hospitality Group Ltd. stock, with the latest data on short interest released on June 30, 2020, showing that short interest numbers in the GHG shares have declined. Short interest in the stock represents just 0.49% of its float, but the volume has dropped by 0.
In the last trading session, GreenTree Hospitality Group Ltd. (NYSE:GHG) dropped by -$0.1 over the week and lost -$0.78 on its 20-day. The stock’s high in the recent session is lower when compared to its 52-week high of $15.17. The stock recorded its established 52-week high on 06/02/20.
Since 10/03/19, the stock has traded to a low of $9.38 at 42.43%, an encouraging piece of data likely to interest most investors out to exploit the stock’s recent surge.
Looking at current readings, GreenTree Hospitality Group Ltd.’s two-week RSI is 50.09. This suggests that the stock is neutral at the moment and that GHG shares’ price movement remains stable. The stochastic readings are equally revealing at 46.68% meaning the GHG share price is currently in neutral territory.
The technical chart shows that the GHG stock will likely settle at between $14.03 and $14.32 per share. However, if the stock dips below $13.51, then its market would become much weaker. Any downside could see the stock price sliding to levels as low as $13.28.
Currently, the stock is trading in the green of MACD, with a reading of 0.19. Investors always pay attention to any move above or below the zero-line, mainly because the indicator points to the position of the stock’s short-term average relative to its long-term measure. A MACD -a reading above the zero line means that the short-term is above the long-term average. This scenario implies that there is an upward momentum. The opposite is true when the MACD falls below the zero-line.
Analysts at CLSA raised their recommendation for GHG from Outperform to Buy in February 19 review. CLSA analysts downgraded their recommendation of the stock from Buy to Outperform in a flash note released to investors on February 05. Goldman seeing the improvements upgraded the stock from Neutral to Buy on September 13.
The average rating for the GHG equity is 1.71 and is currently gathering a bullish momentum. Of 7 analysts tracking GreenTree Hospitality Group Ltd. polled by Reuters, 0 rated GHG as a hold. The remaining 7 analysts were split evenly. However, the split wasn’t equal as a majority (7) rated it as a buy or strong buy. 0 analyst advised investors against buying the stock or to sell if they own any of the stock.
Elsewhere, the GHG stock price is 17.25X ahead of its 12-month Consensus earnings per share estimates. The stocks P/S ratio currently stands at 33.1 above the group’s average of 27.7. GreenTree Hospitality Group Ltd. has its P/E ratio at 5.3, which means that the stock is currently trading at a discount relative to the 19.3 industry average.
Zacks Consensus Estimate forecasts that the current-quarter revenues for GreenTree Hospitality Group Ltd. (NYSE:GHG) will decrease by about -99.86%, which will see them reach $31.49 million. The company’s full-year revenues are, however, expected to diminish by about -11.8%, down from $154.11 million to $135.92 million. GHG’s expected adjusted earnings should drop almost -44.44% to end up at $0.1 per share, while for the fiscal year, analysts project the company’s earnings to drop by about -42.65% to record $0.39/share.