Globavend (NASDAQ:GVH) Raised to “Hold” at Wall Street Zen

Globavend (NASDAQ:GVH) was upgraded by analysts at Wall Street Zen to a “hold” rating in a note issued to investors on Saturday.

Other equities analysts have also recently issued research reports about the company. Weiss Ratings reiterated a “sell (d)” rating on shares of Globavend in a research note on Tuesday, April 21st. Zacks Research raised shares of Globavend from a “strong sell” rating to a “hold” rating in a report on Monday, January 26th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $80.00.

Globavend Price Performance

Globavend stock opened at $4.37 on Friday. Globavend has a twelve month low of $0.87 and a twelve month high of $364.00. The stock’s fifty day simple moving average is $2.19 and its 200-day simple moving average is $2.62.

Globavend (NASDAQ:GVH) last released its earnings results on Friday, February 13th. The company reported ($2.20) earnings per share (EPS) for the quarter. The company had revenue of $4.92 million during the quarter. On average, analysts predict that Globavend will post 0.66 earnings per share for the current fiscal year.

Institutional Trading of Globavend

A number of institutional investors have recently bought and sold shares of the business. Jane Street Group LLC acquired a new stake in shares of Globavend during the 2nd quarter worth about $29,000. Sabby Management LLC purchased a new stake in shares of Globavend during the 4th quarter worth approximately $257,000. Finally, Connective Capital Management LLC acquired a new position in shares of Globavend in the 4th quarter valued at $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.