Haoxi Health Technology Ltd. (NASDAQ: HAO) Drops -4.01% In Early Trade; What Lies Ahead?

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Haoxi Health Technology Ltd. (NASDAQ:HAO) price closed lower on current market day and dropping -4.01% below its previous close.

A look at the daily price movement shows that the last close reads $0.20, with intraday deals fluctuated between $0.184 and $0.2186. Taking into account the 52-week price action we note that the stock hit a 52-week high of $10.60 and 52-week low of $0.14. The stock subtracted -66.16% on its value in the past month.

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Haoxi Health Technology Ltd., which has a market valuation of $7.11 million, is expected to release its quarterly earnings report in November.

Technical indicators in stocks provide crucial insights into market trends, guiding investors with precise entry and exit points based on price movements for informed decision-making.

The overview shows that HAO’s price is at present -25.40% off the SMA20 and -90.51% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 25.90, with weekly volatility standing at 18.90%. The indicator jumps to 18.57% when calculated based on the past 30 days. Haoxi Health Technology Ltd. (NASDAQ:HAO)’s beta value is holding at 0, while the average true range (ATR) indicator is currently reading 0.20.

An analysis of the Haoxi Health Technology Ltd. (NASDAQ:HAO) stock in terms of its daily trading volume indicates that the 3-month average is 1.99 million. However, this figure increases on the past 10-day timeline to an average of 7.18 million.

Current records show that the company has 36.24M in outstanding shares. The percentage share held by institutions stands at 0.13%. The stats also highlight that short interest as of 2024-09-30, stood at 0.59 million shares, which puts the short ratio at the time at 0.46. From this we can glean that short interest is 721.00 of company’s current outstanding shares. Notably, we see that shares short in September rose slightly given the previous month’s figure stood at 0.45 million. But the -96.28% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.

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