Pintec Technology Holdings Limited (NASDAQ:PT) shares fell to a low of $0.88 before closing at $0.90. Intraday shares traded counted 0.68 million, which was 58.32% higher than its 30-day average trading volume of 1.63M. PT’s previous close was $0.91 while the outstanding shares total 42.61M. The stock’s Relative Strength Index (RSI) is 44.78, with weekly volatility at 11.34% and ATR at 0.10. The PT stock’s 52-week price range has touched low of $0.75 and a $2.99 high. The stock traded lower over the last trading session, losing -0.57% on 06/02/21.
Investors have identified the Credit Services company Pintec Technology Holdings Limited as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $38.34 million, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Pintec Technology Holdings Limited (PT) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For PT, the company has in raw cash 69.85 million on their books with 57.09 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on a decline. In terms of their assets, the company currently has 106.13 million total, with 128.82 million as their total liabilities.
Is the stock of PT attractive?
In the last 6 months, insiders have changed their ownership in shares of company stock by 8.00%.