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Golden Heaven Holdings (GDHG) stock has tumbled to a 52-week low, touching a price level of $4.84. InvestingPro analysis shows the stock’s RSI indicates oversold territory, with the company maintaining a healthy current ratio of 10.41. This latest price point marks a significant downturn for the company, which has experienced a precipitous drop over the past year. The 1-year change data for Golden Heaven Holdings paints a grim picture, with the stock value eroding by an alarming 98.33%. Despite the decline, the company maintains a market cap of $7.69M with annual revenue of $22.33M and a gross profit margin of 44.8%. According to InvestingPro Fair Value analysis, the stock appears undervalued at current levels, with 15+ additional real-time insights available for subscribers.
In other recent news, Golden Heaven Group Holdings Ltd. has announced a share consolidation plan, which was approved by its board of directors. This consolidation will be at a 25 for 1 ratio and is scheduled to take effect on May 9, 2025. The move aims to ensure compliance with Nasdaq Marketplace Rule 5550(a)(2) to maintain its listing on the Nasdaq Capital Market. Shareholders will not need to take any action as the conversion will occur automatically, and no fractional shares will be issued. Additionally, Golden Heaven has announced an extraordinary general meeting of shareholders to be held on April 22, 2025. The matters to be discussed at this meeting remain undisclosed, but a proxy statement is set to be distributed to all shareholders. The announcement is in compliance with SEC regulations, specifically under Form 6-K for foreign private issuers. The CEO, Jin Xu, has signed the SEC filing, but no performance or strategic plans were detailed.
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