The trading price of Fujian Blue Hat Interactive Entertainment Technology Ltd. (NASDAQ:BHAT) floating higher at last check on Wednesday, July 21, closing at $0.82, 2.23% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it has been fluctuating between $0.7672 and $0.8099. The company’s P/E ratio in the trailing 12-month period was 3.82. In examining the 52-week price action we see that the stock hit a 52-week high of $2.20 and a 52-week low of $0.72. Over the past month, the stock has lost -5.00% in value.
Fujian Blue Hat Interactive Entertainment Technology Ltd., whose market valuation is $42.66 million at the time of this writing, is expected to release its quarterly earnings report Mar 23, 2020. Investors’ optimism about the company’s current quarter earnings report is understandable.
A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Fujian Blue Hat Interactive Entertainment Technology Ltd. No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest BHAT has a 50% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Sell, while an average of long term indicators suggests that the stock is currently 50% Sell.
A quick review shows that BHAT’s price is currently -5.43% off the SMA20 and -2.85% off the SMA50. The RSI metric on the 14-day chart is currently showing 44.76, and weekly volatility stands at 6.41%. When measured over the past 30 days, the indicator reaches 6.57%. Fujian Blue Hat Interactive Entertainment Technology Ltd. (NASDAQ:BHAT)’s beta value is currently sitting at 0, while the Average True Range indicator is currently displaying 0.06.
To see how Fujian Blue Hat Interactive Entertainment Technology Ltd. stock has been performing today in comparison to its peers in the industry, here are the numbers: BHAT stock’s performance was 2.23% at last check in today’s session, and -45.05% in the past year. Fujian Blue Hat Interactive Entertainment Technology Ltd. has a P/E ratio of 3.82. Also during today’s trading, the S&P 500 Index has surged 0.61%, while the Dow Jones Industrial also saw a positive session, up 0.66% today.
An evaluation of the daily trading volume of Fujian Blue Hat Interactive Entertainment Technology Ltd. (NASDAQ:BHAT) indicates that the 3-month average is 1.41 million. However, this figure has increased over the past 10 days to an average of 0.71 million.
Currently, records show that 47.13 million of the company’s shares remain outstanding. The insiders hold 50.34% of outstanding shares, whereas institutions hold 7.80%. The stats also highlight that short interest as of Apr 14, 2021, stood at 0.65 million shares, resulting in a short ratio of 0.24 at that time. From this, we can conclude that short interest is 1.39% of the company’s total outstanding shares. It is noteworthy that short shares in April were up slightly from the previous month’s figure, which was 0.12 million. However, since the stock’s price has seen -9.87% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.