Connective Capital Management LLC purchased a new position in shares of Globavend Holdings Limited (NASDAQ:GVH – Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 175,827 shares of the company’s stock, valued at approximately $253,000. Connective Capital Management LLC owned approximately 251.18% of Globavend as of its most recent filing with the SEC.
Separately, Sabby Management LLC acquired a new stake in Globavend in the 4th quarter worth approximately $257,000.
Wall Street Analysts Forecast Growth
Several equities analysts have commented on the company. Weiss Ratings upgraded Globavend from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, May 20th. Wall Street Zen upgraded shares of Globavend to a “hold” rating in a research note on Saturday, May 9th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $80.00.
Globavend Stock Performance
Shares of NASDAQ:GVH opened at $4.00 on Friday. The business has a 50 day moving average price of $3.99 and a 200 day moving average price of $2.57. Globavend Holdings Limited has a twelve month low of $0.87 and a twelve month high of $308.00.
Globavend (NASDAQ:GVH – Get Free Report) last released its earnings results on Friday, February 13th. The company reported ($2.20) earnings per share (EPS) for the quarter. The business had revenue of $4.92 million during the quarter.
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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