Fujian Blue Hat Interactive Entertainment Technology Ltd. (NASDAQ:BHAT) shares, dropped in value on Thursday, Apr 08, with the stock price down by -6.08% to the previous day’s close as weak demand from buyers trailed the stock to $1.37.
Actively observing the price movement in the recent trading, the stock is buoying the session at $1.46, falling within a range of $1.3500 and $1.4800. The value of beta (5-year monthly) is 0 whereas the PE ratio is 5.23 over 12-month period. Referring to stock’s 52-week performance, its high was $2.4, and the low was $0.73. On the whole, BHAT has fluctuated by 14.96% over the past month.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that BHAT’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium term indicators have put the stock in the category of 50% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
A comparison of Fujian Blue Hat Interactive Entertainment Technology Ltd. (BHAT) with its peers suggests the former has fared considerably weaker in the market. BHAT showed an intraday change of -6.08% in today’s session so far, and over the past year, it grew by +83.88%. In comparison, Activision Blizzard (ATVI) has moved lower at -0.11% today and is up +57.21% over the past 12 months. On the other hand, the price of Electronic Arts Inc (EA) has fallen -0.68% today. The stock, however, is off 33.33% from where it was a year ago. Additionally, there is a decline of -608% for Take-Two Interacti (TTWO) in recent trading while the stock has seen an overall apprecation of 83.88% over the past year. The PE ratio stands at 5.23 for Fujian Blue Hat Interactive Entertainment Technology Ltd., compared to 34.26 for Activision Blizzard, and 35.19 for Electronic Arts Inc. Other than that, the overall performance of the S&P 500 during the today’s session so far shows that it gained 0.29%. Meanwhile, the Dow Jones Industrial weakened by -0.03%.
Data on historical trading for Fujian Blue Hat Interactive Entertainment Technology Ltd. (NASDAQ:BHAT) indicates that the trading volumes over the past 10 days have averaged 1.15 Million and over the past 3 months, they’ve averaged 3.55 Million. According to company’s latest data on outstanding shares, there are 46.97 Million shares outstanding.
Nearly 50.34% of Fujian Blue Hat Interactive Entertainment Technology Ltd.’s shares belong to company insiders and institutional investors own 9.64% of the company’s shares, according to Thomson Reuters’ data. The data on short interest also indicates that stock shorts accounted for 123.81 Million shares as on March 14, 2021, resulting in a short ratio of 0.04. According to the data, the short interest in Fujian Blue Hat Interactive Entertainment Technology Ltd. (BHAT) stood at 0.26% of shares outstanding as of March 14, 2021; the number of short shares registered in February reached 309.51 Million. The stock has risen by +64.04% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the BHAT stock heading into the next quarter.