Globavend Holdings Limited (NASDAQ:GVH – Get Free Report)’s stock price traded down 68.9% during mid-day trading on Monday . The company traded as low as $1.36 and last traded at $1.48. 22,304,276 shares were traded during trading, an increase of 1,893% from the average daily volume of 1,119,097 shares. The stock had previously closed at $4.76.
Wall Street Analysts Forecast Growth
GVH has been the subject of several research analyst reports. Wall Street Zen upgraded Globavend to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings upgraded Globavend from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, May 20th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Reduce”.
Globavend Price Performance
Institutional Trading of Globavend
Several institutional investors and hedge funds have recently bought and sold shares of GVH. Jane Street Group LLC bought a new stake in Globavend during the 2nd quarter valued at approximately $29,000. Sabby Management LLC bought a new position in shares of Globavend in the 4th quarter worth approximately $257,000. Finally, Connective Capital Management LLC bought a new position in shares of Globavend in the 4th quarter worth approximately $253,000.
Globavend Company Profile
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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