Haoxi Health Technology Ltd. (NASDAQ: HAO) Still Pointing Downwards

The trading price of Haoxi Health Technology Ltd. (NASDAQ:HAO) closed lower on current market day and closing at $0.18, -17.10% lower than its previous close.

Traders who pay close attention to intraday price movement should know that it fluctuated between $0.168 and $0.2017. In examining the 52-week price action we see that the stock hit a 52-week high of $10.60 and a 52-week low of $0.21. Over the past month, the stock has lost -94.90% in value.

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Haoxi Health Technology Ltd., whose market valuation is $6.41 million at the time of this writing, is expected to release its quarterly earnings report in November. Investors’ optimism about the company’s current quarter earnings report is understandable.

A quick review shows that HAO’s price is currently -87.09% off the SMA20 and -93.48% off the SMA50. The RSI metric on the 14-day chart is currently showing 24.20, and weekly volatility stands at 17.04%. When measured over the past 30 days, the indicator reaches 25.00%. Haoxi Health Technology Ltd. (NASDAQ:HAO)’s beta value is currently sitting at 0, while the Average True Range indicator is currently displaying 0.35.

To see how Haoxi Health Technology Ltd. stock has been performing in comparison to its peers in the industry, here are the numbers: HAO stock’s performance was -17.10% in the latest trading.

An evaluation of the daily trading volume of Haoxi Health Technology Ltd. (NASDAQ:HAO) indicates that the 3-month average is 1.04 million. However, this figure has increased over the past 10 days to an average of 2.39.

Currently, records show that 36.24 million of the company’s shares remain outstanding. The institutions hold 0.13%. The stats also highlight that short interest as of 2024-09-13, stood at 0.49 million shares, resulting in a short ratio of 0.79 at that time. From this, we can conclude that short interest is 1142.00 of the company’s total outstanding shares. It is noteworthy that short shares in September were down slightly from the previous month’s figure, which was 0.5 million. However, since the stock’s price has seen -96.65% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.

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