Planet Green Holdings Stock Today

PLAG Stock  USD 0.26  0.03  10.34%   

Performance

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Odds Of Distress

Less than 44

 
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Planet Green is trading at 0.26 as of the 29th of March 2024. This is a -10.34 percent decrease since the beginning of the trading day. The stock's lowest day price was 0.26. Planet Green has about a 44 percent probability of financial distress in the next few years of operation and has generated negative returns over the last 90 days. Equity ratings for Planet Green Holdings are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 28th of February 2024 and ending today, the 29th of March 2024. Click here to learn more.
Business Domain
Food, Beverage & Tobacco
IPO Date
5th of October 2020
Category
Consumer Defensive
Classification
Consumer Staples
Planet Green Holdings Corp., through its subsidiaries, grows, manufactures, and distributes brick, black, and green tea products in China and internationally. Planet Green Holdings Corp. was incorporated in 1986 and is headquartered in Flushing, New York. The company has 72.08 M outstanding shares of which 10.84 K shares are at this time shorted by private and institutional investors with about 0.43 trading days to cover. More on Planet Green Holdings

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Planet Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Planet Green's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Planet Green or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Chairman CEOBin Zhou
Thematic IdeaFood Products (View all Themes)
Old NamePlava Laguna d.d.
Business ConcentrationPackaged Foods & Meats, Food, Beverage & Tobacco, Consumer Defensive, CROBEX, Food Products, Consumer Staples, Food Products, Packaged Foods, Consumer Defensive (View all Sectors)
Planet Green's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Planet Green's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Planet Green's financial leverage. It provides some insight into what part of Planet Green's total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on Planet Green's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Planet Green deploys its capital and how much of that capital is borrowed.
Liquidity
Planet Green cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company currently holds 3.88 M in liabilities with Debt to Equity (D/E) ratio of 0.12, which may suggest the company is not taking enough advantage from borrowing. Planet Green Holdings has a current ratio of 0.75, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Planet Green until it has trouble settling it off, either with new capital or with free cash flow. So, Planet Green's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Planet Green Holdings sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Planet to invest in growth at high rates of return. When we think about Planet Green's use of debt, we should always consider it together with cash and equity.

Change In Working Capital

(842,429)
Planet Green Holdings (PLAG) is traded on NYSE MKT Exchange in USA. It is located in 130-30 31st Avenue, Flushing, NY, United States, 11354 and employs 143 people. Planet Green is listed under Packaged Foods & Meats category by Fama And French industry classification. The company currently falls under 'Micro-Cap' category with a current market capitalization of 20.8 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Planet Green's market, we take the total number of its shares issued and multiply it by Planet Green's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Planet Green Holdings conducts business under Food Products sector and is part of Consumer Staples industry. The entity has 72.08 M outstanding shares of which 10.84 K shares are at this time shorted by private and institutional investors with about 0.43 trading days to cover. Planet Green Holdings currently holds about 299.65 K in cash with (3.05 M) of positive cash flow from operations.
Check Planet Green Probability Of Bankruptcy
Ownership Allocation
Planet Green Holdings has a total of 72.08 Million outstanding shares. Planet Green has significant amount of outstanding shares owned by insiders. An insider is usually defined as a CEO, other corporate executive, director, or institutional investor who own at least 10% of the company's outstanding shares. Since such a large part of the company is owned by insiders, it is advisable to analyze if each of these insiders have been buying or selling the stock in recent months. Remember, it does not matter who owns the company or if the company is currently losing money. If the true value of the company is more than the market pays for it currently, you can still have a good investment opportunity.
Check Planet Ownership Details

Planet Stock Price Odds Analysis

In reference to a normal probability distribution, the odds of Planet Green jumping above the current price in 90 days from now is about 90.15%. The Planet Green Holdings probability density function shows the probability of Planet Green stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days Planet Green Holdings has a beta of -1.0827 indicating Additionally, planet Green Holdings has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming NYSE Composite.
  Odds Below 0.26HorizonTargetOdds Above 0.26
9.81%90 days
 0.26 
90.15%
Based on a normal probability distribution, the odds of Planet Green to move above the current price in 90 days from now is about 90.15 (This Planet Green Holdings probability density function shows the probability of Planet Stock to fall within a particular range of prices over 90 days) .

Planet Green Historical Income Statement

Planet Green Holdings Income Statement is one of the three primary financial statements used for reporting Planet's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Planet Green Holdings revenue and expense. Planet Green Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Planet Green's Income Tax Expense is most likely to decrease significantly in the upcoming years. The Planet Green's current Research Development is estimated to increase to about 470 K, while Operating Income is forecasted to increase to (3.9 M). View More Fundamentals

Planet Stock Against Markets

Picking the right benchmark for Planet Green stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Planet Green stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Planet Green is critical whether you are bullish or bearish towards Planet Green Holdings at a given time. Please also check how Planet Green's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Planet Green without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Planet Green Corporate Directors

Planet Green corporate directors refer to members of a Planet Green board of directors. The board of directors generally takes responsibility for the Planet Green's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Planet Green's board members must vote for the resolution. The Planet Green board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.

How to buy Planet Stock?

Before investing in Planet Green, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Planet Green. To buy Planet Green stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Planet Green. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Planet Green stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Planet Green Holdings stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Planet Green Holdings stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Planet Green Holdings, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Planet Stock please use our How to Invest in Planet Green guide.

Already Invested in Planet Green Holdings?

The danger of trading Planet Green Holdings is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Planet Green is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Planet Green. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Planet Green Holdings is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Planet Green Holdings is a strong investment it is important to analyze Planet Green's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Planet Green's future performance. For an informed investment choice regarding Planet Stock, refer to the following important reports:
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Planet Green Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.
Note that the Planet Green Holdings information on this page should be used as a complementary analysis to other Planet Green's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.

Complementary Tools for Planet Stock analysis

When running Planet Green's price analysis, check to measure Planet Green'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 Planet Green is operating at the current time. Most of Planet Green's value examination focuses on studying past and present price action to predict the probability of Planet Green's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Planet Green's price. Additionally, you may evaluate how the addition of Planet Green to your portfolios can decrease your overall portfolio volatility.
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Is Planet Green's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Planet Green. If investors know Planet will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Planet Green listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(0.39)
Revenue Per Share
0.337
Quarterly Revenue Growth
(0.59)
Return On Assets
(0.03)
Return On Equity
(0.60)
The market value of Planet Green Holdings is measured differently than its book value, which is the value of Planet that is recorded on the company's balance sheet. Investors also form their own opinion of Planet Green's value that differs from its market value or its book value, called intrinsic value, which is Planet Green's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Planet Green's market value can be influenced by many factors that don't directly affect Planet Green's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Planet Green's value and its price as these two are different measures arrived at by different means. Investors typically determine if Planet Green is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Planet Green's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.