Globavend (NASDAQ:GVH) Announces Earnings Results

Globavend (NASDAQ:GVHGet Free Report) posted its quarterly earnings results on Tuesday. The company reported ($0.01) earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of $7.41 million during the quarter.

Globavend Price Performance

Shares of GVH stock opened at $4.62 on Tuesday. Globavend has a 12-month low of $0.87 and a 12-month high of $16.54. The stock has a 50 day simple moving average of $4.37 and a 200-day simple moving average of $2.65.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Connective Capital Management LLC acquired a new stake in shares of Globavend in the fourth quarter valued at approximately $253,000. Sabby Management LLC acquired a new stake in shares of Globavend during the fourth quarter valued at $257,000. Finally, Jane Street Group LLC purchased a new stake in Globavend during the 2nd quarter worth about $29,000.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on GVH shares. Wall Street Zen upgraded Globavend to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings raised shares of Globavend from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, May 20th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce”.

Check Out Our Latest Analysis on GVH

About Globavend

(Get Free Report)

Globavend Holdings Limited, together with its subsidiaries, provides integrated cross-border logistics services and air freight forwarding services in Hong Kong, Australia, and New Zealand. The company's services include parcel consolidation, air freight forwarding, customs clearance, on-carriage parcel transportation, and delivery. It serves e-commerce merchants and operators of e-commerce platforms. The company was founded in 2016 and is based in Perth, Australia. Globavend Holdings Limited is subsidiary of Globavend Investments Limited.

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