Currently trading at less than $1, financial and corporate services provider Greenpro capital (GRNQ) has been trying to expand its services through various differentiated strategies. Nevertheless, its shares have dipped more than 56.4% in price so far this year. So, given the company’s weak fundamentals and poor growth prospects, is the stock worth owning now? Read more to find out.Headquartered in Hong Kong, Greenpro Capital Corp. (GRNQ) is a business incubator with a broad business portfolio that includes finance, technology, banking, CryptoSx for STOs, health and wellness, and fine art. The company also manages venture capital businesses that specialize in business development for start-ups and high-growth enterprises in the fields of finance, technology, FinTech, and health and wellness.
The stock has declined 37.9% in price over the past year and 12.4% over the past three months. Furthermore, in closing its last trading session at $0.89, GRNQ is trading 78.6% below its 52-week high of $4.15, which it hit on February 17, 2021, indicating bearish sentiment.
Though the company is undertaking various strategies to boost its growth in the financial services industry, the stock’s steep valuation and weak fundamentals could lead to poor price performance in the near term.