How to buy Shineco stock

Shineco, Inc is a drug manufacturers-specialty & generic business based in the US. Shineco shares (TYHT) are listed on the NASDAQ and all prices are listed in US Dollars. Shineco employs 318 staff and has a trailing 12-month revenue of around 0.00.

Shineco share price

Use our graph to track the performance of TYHT stocks over time.

Shineco shares at a glance

• Key figures

Information last updated 2021-04-23.

52-week range	$2.10 - $8.16
50-day moving average	$4.44
200-day moving average	$3.62
Wall St. target price	N/A
PE ratio	14.2857
Dividend yield	N/A (0%)
Earnings per share (TTM)	$0.04

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Is it a good time to buy Shineco stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Technical Analysis of Shineco, Inc by TradingView

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Is Shineco under- or over-valued?

Valuing Shineco stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Shineco's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Shineco's P/E ratio

Shineco's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 14x. In other words, Shineco shares trade at around 14x recent earnings.

That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

Shineco's EBITDA

Shineco's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $906,949.

The EBITDA is a measure of a Shineco's overall financial performance and is widely used to measure a its profitability.

Shineco financials

Revenue TTM	$16 million
Gross profit TTM	$6.2 million
Return on assets TTM	-7.68%
Return on equity TTM	-29.63%
Profit margin	-119.09%
Book value	$15.88
Market capitalisation	$23.4 million

TTM: trailing 12 months

Shorting Shineco shares

There are currently 51,193 Shineco shares held short by investors – that's known as Shineco's "short interest". This figure is 23.2% down from 66,686 last month.

There are a few different ways that this level of interest in shorting Shineco shares can be evaluated.

Shineco's "short interest ratio" (SIR)

Shineco's "short interest ratio" (SIR) is the quantity of Shineco shares currently shorted divided by the average quantity of Shineco shares traded daily (recently around 104475.51020408). Shineco's SIR currently stands at 0.49. In other words for every 100,000 Shineco shares traded daily on the market, roughly 490 shares are currently held short.

However Shineco's short interest can also be evaluated against the total number of Shineco shares, or, against the total number of tradable Shineco shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Shineco's short interest could be expressed as 0.01% of the outstanding shares (for every 100,000 Shineco shares in existence, roughly 10 shares are currently held short) or 0.0154% of the tradable shares (for every 100,000 tradable Shineco shares, roughly 15 shares are currently held short).

Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Shineco.

Find out more about how you can short Shineco stock.

Shineco share dividends

We're not expecting Shineco to pay a dividend over the next 12 months.

Have Shineco's shares ever split?

Shineco's shares were split on a 1:9 basis on 16 August 2020. So if you had owned 9 shares the day before before the split, the next day you'd have owned 1 share. This wouldn't directly have changed the overall worth of your Shineco shares – just the quantity. However, indirectly, the new 800% higher share price could have impacted the market appetite for Shineco shares which in turn could have impacted Shineco's share price.

Shineco share price volatility

Over the last 12 months, Shineco's shares have ranged in value from as little as $2.1 up to $8.16. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Shineco's is 1.1976. This would suggest that Shineco's shares are a little bit more volatile than the average for this exchange and represent, relatively-speaking, a slightly higher risk (but potentially also market-beating returns).

Shineco overview

Shineco, Inc. , through its subsidiaries, produces, distributes, and sells health and well-being focused plant-based products in China. It processes and distributes traditional Chinese herbal medicine products, as well as other pharmaceutical products directly to individual customers. The company also plants, processes, and distributes green and organic vegetables and fruits; and grows, cultivates, and sells yew trees that are used for the production of anti-cancer medication, as well as ornamental bonsai trees for purifying indoor air quality. In addition, it offers logistics services for agricultural products. Further, the company develops, manufactures, and distributes specialized fabrics, textiles, health supplements, and other byproducts derived from an indigenous Chinese plant Apocynum Venetum. The company sells its Chinese medicinal products and western medicines through wholesale customers; and its 13 Ankang retail pharmacies operating under the Sunsimiao Pharmacies name, as well as 66 pharmacies operated by third parties.

Frequently asked questions

• What percentage of Shineco is owned by insiders or institutions?

  Currently 15.507% of Shineco shares are held by insiders and 4.072% by institutions.

• How many people work for Shineco?

  Latest data suggests 318 work at Shineco.

• When does the fiscal year end for Shineco?

  Shineco's fiscal year ends in June.

• Where is Shineco based?

  Shineco's address is: Building T5, DaZu Square, Beijing, China, 100176

• What is Shineco's ISIN number?

  Shineco's international securities identification number is: US8245673095

• What is Shineco's CUSIP number?

  Shineco's Committee on Uniform Securities Identification Procedures number is: 824567200