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GreenTree Filed Annual Report on Form 20-F for Fiscal Year 2023
PRNewswire (Tue, 30-Apr 5:32 PM ET)
GreenTree Hospitality Group Ltd. Reports Fourth Quarter and Fiscal Year 2023 Financial Results
PRNewswire (Mon, 25-Mar 11:07 PM ET)
PRNewswire (Mon, 18-Mar 10:00 AM ET)
GreenTree Hospitality Group Ltd is a franchised hotel operator in China as franchised and managed hotels represent almost all the hotels in its hotel network. The hotel network of the company comprised approximately 4,059 hotels with nearly 302,497 rooms in China, covering all centrally administrated municipalities and cities throughout all provinces and autonomous regions in China. The company operates its hotels under GreenTree Inns, GreenTree Eastern, Gme, Gya and VX, GreenTree Alliance, Vatica, and others. The company operates solely in China and generates all its revenue from China itself.
Greentree Hospitality Group Ltd. American Depositary Shares Each Representing One Class A Ordinary Share trades on the NYSE stock market under the symbol GHG.
As of May 3, 2024, GHG stock price climbed to $3.13 with 3,575 million shares trading.
GHG has a market cap of $319.82 million. This is considered a Small Cap stock.
In the last 3 years, GHG stock traded as high as $16.50 and as low as $2.32.
The top ETF exchange traded funds that GHG belongs to (by Net Assets): BEDZ, APIE.
GHG stock has underperformed the market in the last year with a return of -27.9%, while SPY returned +26.1%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in GHG shares. However, GHG has outperformed the market in the last 3 month and 2 week periods, returning +4.3% and +13.4%, while SPY returned +3.7% and +2.4%, respectively. This indicates GHG has been having a stronger performance recently.
GHG support price is $2.93 and resistance is $3.19 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that GHG stock will trade within this expected range on the day.