It Tech Packaging Stock Price on May 11, 2024
| ITP Stock | USD 0.25 0 1.76% |
Below is the normalized historical share price chart for IT Tech Packaging extending back to October 01, 2007. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of IT Tech stands at 0.25, as last reported on the 5th of June, with the highest price reaching 0.25 and the lowest price hitting 0.25 during the day.
If you're considering investing in ITP Stock, it is important to understand the factors that can impact its price. IT Tech Packaging retains Efficiency (Sharpe Ratio) of -0.0072, which attests that the entity had a -0.0072% return per unit of price deviation over the last 3 months. IT Tech exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out IT Tech's Coefficient Of Variation of (2,814), information ratio of (0.04), and Market Risk Adjusted Performance of (0.17) to validate the risk estimate we provide.
As of 06/05/2024, Common Stock Shares Outstanding is likely to grow to about 10.6 M, while Total Stockholder Equity is likely to drop slightly above 141.7 M. . As of 06/05/2024, Price Earnings To Growth Ratio is likely to grow to 0.01, while Price To Sales Ratio is likely to drop 0.03. ITP Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 1st of October 2007 | 200 Day MA 0.3079 | 50 Day MA 0.246 | Beta (0.16) |
ITP |
Sharpe Ratio = -0.0072
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | ITP |
Estimated Market Risk
| 5.83 actual daily | 51 51% of assets are less volatile |
Expected Return
| -0.04 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average IT Tech is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of IT Tech by adding IT Tech to a well-diversified portfolio.
Price Book 0.0152 | Enterprise Value Ebitda 1.9662 | Price Sales 0.0296 | Shares Float 9.5 M | Wall Street Target Price 5 |
IT Tech Valuation on May 11, 2024
It is possible to determine the worth of IT Tech on a given historical date. On May 11, 2024 ITP was worth 0.25 at the beginning of the trading date compared to the closed value of 0.23. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of IT Tech stock. Still, in general, we apply an absolute valuation method to find IT Tech's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of IT Tech where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against IT Tech's related companies.
| Open | High | Low | Close | Volume | |
| 0.24 | 0.24 | 0.24 | 0.24 | 2,653 | |
05/10/2024 | 0.25 | 0.28 | 0.23 | 0.23 | 21,056 |
| 0.21 | 0.25 | 0.21 | 0.23 | 13,514 |
| Backtest IT Tech | | | IT Tech History | | | IT Tech Valuation | Previous | Next |
IT Tech Trading Date Momentum on May 11, 2024
| On May 13 2024 IT Tech Packaging was traded for 0.23 at the closing time. Highest IT Tech's price during the trading hours was 0.25 and the lowest price during the day was 0.21 . The net volume was 13.5 K. The overall trading history on the 13th of May 2024 did not cause price change. The trading delta at closing time to current price is 30.43% . |
IT Tech Packaging Fundamentals Correlations and Trends
By evaluating IT Tech's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among IT Tech's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. ITP financial account trend analysis is a perfect complement when working with valuation or volatility modules.About IT Tech Stock history
IT Tech investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for ITP is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in IT Tech Packaging will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing IT Tech stock prices may prove useful in developing a viable investing in IT Tech
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 10.1 M | 10.6 M | |
| Net Loss | -14.9 M | -14.2 M |
IT Tech Stock Technical Analysis
IT Tech technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
IT Tech Period Price Range
Low | May 10, 2024
| High |
0.25 | 0.23 |
IT Tech June 5, 2024 Market Strength
Market strength indicators help investors to evaluate how IT Tech stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading IT Tech shares will generate the highest return on investment. By undertsting and applying IT Tech stock market strength indicators, traders can identify IT Tech Packaging entry and exit signals to maximize returns
| Accumulation Distribution | 3760.0 | |||
| Daily Balance Of Power | (0.40) | |||
| Rate Of Daily Change | 0.92 | |||
| Day Median Price | 0.26 | |||
| Day Typical Price | 0.25 | |||
| Price Action Indicator | (0.04) | |||
| Period Momentum Indicator | 0.0156 |
IT Tech Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for IT Tech's price direction in advance. Along with the technical and fundamental analysis of ITP Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of ITP to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.23) | |||
| Total Risk Alpha | (0.31) | |||
| Treynor Ratio | (0.18) |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Additional Tools for ITP Stock Analysis
When running IT Tech's price analysis, check to measure IT Tech's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy IT Tech is operating at the current time. Most of IT Tech's value examination focuses on studying past and present price action to predict the probability of IT Tech's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move IT Tech's price. Additionally, you may evaluate how the addition of IT Tech to your portfolios can decrease your overall portfolio volatility.