Thinking Of Buying Haoxi Health Technology Ltd (NASDAQ: HAO) Stock? Here’s What You Need To Know

Haoxi Health Technology Ltd (NASDAQ:HAO) price on Friday, November 15, fall -2.86% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $0.21.

A look at the stock’s price movement, the close in the last trading session was $0.21, moving within a range at $0.1999 and $0.2391. The PE ratio in trailing twelve months stood at 5.49. Turning to its 52-week performance, $10.60 and $0.14 were the 52-week high and 52-week low respectively. Overall, HAO moved -1.28% over the past month.

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Haoxi Health Technology Ltd’s market cap currently stands at around $7.52 million, with investors looking forward to this quarter’s earnings report slated for in December.

Turning to the stock’s technical picture we see that short term indicators suggest on average that HAO is a 50% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.

HAO’s current price about 8.17% and -74.17% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 32.91, while 7-day volatility ratio is 14.25% and 16.31% in the 30-day chart. Further, Haoxi Health Technology Ltd (HAO) has a beta value of 0, and an average true range (ATR) of 0.07.

If we refocus on Haoxi Health Technology Ltd (NASDAQ:HAO), historical trading data shows that trading volumes averaged 5.3 over the past 10 days and 4.31 million over the past 3 months. The company’s latest data on shares outstanding shows there are 14.97 million shares.

Also important is the data on short interest which shows that short shares stood at 2.56 million on 2024-10-31, giving us a short ratio of 0.32. The data shows that as of 2024-10-31 short interest in Haoxi Health Technology Ltd (HAO) stood at 1150.0 of shares outstanding, with shares short rising to 0.59 million registered in 2024-09-30. Current price change has pushed the stock -96.07% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the HAO stock continues to rise going into the next quarter.

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