Within its last year performance, TC fell by -62.94%, with highs and lows ranging from $4.30 to $0.75, whereas the simple moving average fell by -30.47% in the last 200 days.
On May 21, 2019, Maxim Group started tracking TuanChe Ltd ADR (NASDAQ: TC) recommending Buy. A report published by Maxim Group on February 05, 2019, Initiated its previous ‘Buy’ rating for TC.
Analysis of TuanChe Ltd ADR (TC)
Further, the quarter-over-quarter decrease in sales is -48.02%, showing a negative trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of TuanChe Ltd ADR’s future performance, with equity being one of the most critical indicators. Taking into account the quick ratio of the company, currently set at 0.44, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
As an indicator of volatility for any stock, average volume can also be very valuable, and TC is recording an average volume of 849.74K. On a monthly basis, the volatility of the stock is set at 11.27%, whereas on a weekly basis, it is put at 12.57%, with a loss of -5.05% over the past seven days. Furthermore, long-term investors anticipate a median target price of $11.99, showing growth from the present price of $1.13, which can serve as yet another indication of whether TC is worth investing in or should be passed over.
How Do You Analyze TuanChe Ltd ADR Shares?
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. This is because the values should be in line with investors’ expectations. As opposed to executive stock, institutional ownership accounts for 1.70% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
TC shares are owned by institutional investors to the tune of 1.70% at present.
