Huami Corporation (NYSE:HMI) traded at $14.73 at last check on Friday, Nov 20, making a downturn move of -3.22% on its previous day’s price.
Looking at the stock we see that its previous close was $15.22 and the beta (5Y monthly) reads 0 with the day’s price range being $14.51 – 15.84. The company has a 12-month trailing PE ratio of 14.2. In terms of its 52-week price range, HMI has a high of $18.2 and a low of $8.75. The company’s stock has gained about 25.9% over that past 30 days.
Huami has a market cap of $875.55 Million and is expected to release its quarterly earnings report on November 23, 2020. With its Forward Dividend at 0 and a yield of 0%, the company’s investors could be worried for the HMI stock to lose ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $0.4, with the EPS growth for the year declined at $1.07 for 2020 and $1.24 for next year. These figures represent -0.23% and at 0.16% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $342.59 Million, with a low of $321.45 Million and a high of $380.22 Million. The median projection represents growth adding up to 28.7% compared to sales earnings for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecasts for 2020 are expected to hit $1.02 Billion, or +23.2% up from figures reported last year.
On the other hand, looking at the outlook for the HMI stock, short term indicators assign the stock an average of Hold, while medium term indicators assign it an average of Hold. Long term indicators on average place the stock in the category of 100% Buy.
Based on estimates by 4 analysts where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 1 have rated the Huami Corporation (HMI) stock as a Hold, while 3 rate it as a Buy. None analysts rate it as outperform while none of them rated it as underperform, whereas none suggests the stock as a Sell. The stock has an overall rating of Overweight and investors could take advantage and scoop up stock of the company.
Let’s briefly compare Huami (HMI) stock to its peers. We find that today’s price change of -3.22% and +41.23% over the past 12 months for HMI competes that of Spotify Technology S.A. (SPOT), which has seen its stock price rise 4.02% in the latest trading session and is +86.97% over the last one year. Another of its peers Docusign Inc (DOCU) has climbed 0.86% today, and is +216.83% up over the past year, while Thomson Reuters Corp (TRI) is also down -3.22% yet its price remains in the green at 41.23% over the same period. Spotify has a P/E ratio of 0 compared to Huami’s 14.2 and Docusign’s 0. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at -0.68% and -0.75%, respectively, in early deals.
Coming back to Huami Corporation (NYSE:HMI), we note that the average 3-month trading volume was 302.72 Million, while that of the preceding 10-day period stands at 399.41 Million. Current shares outstanding are 61.95 Million.
According to data from Thomson Reuters, insiders hold 9.82% of the company’s shares while institutions hold 94.63%. The data shows that short shares as of October 29, 2020, stood at 875.17 Million at a short ratio of 3.48. This represents a 1.41% Short interest in Shares outstanding on October 29, 2020. Shares short dropped in October from the previous month at 991.05 Million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock +22.55% up in year-to-date price movement.