Globavend (NASDAQ:GVH) Announces Earnings Results

Globavend (NASDAQ:GVH) issued its earnings results on Tuesday. The company reported ($0.01) EPS for the quarter, FiscalAI reports. The business had revenue of $7.41 million for the quarter.

Globavend Stock Performance

Shares of GVH opened at $4.65 on Thursday. Globavend has a 1-year low of $0.87 and a 1-year high of $15.40. The company’s fifty day simple moving average is $4.34 and its 200 day simple moving average is $2.67.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Connective Capital Management LLC bought a new stake in shares of Globavend in the 4th quarter valued at about $253,000. Sabby Management LLC bought a new position in Globavend during the fourth quarter worth about $257,000. Finally, Jane Street Group LLC bought a new position in Globavend during the second quarter worth about $29,000.

Analysts Set New Price Targets

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

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.