The trading price of Nature’s Miracle Holding Inc (NASDAQ:NMHI) closed higher on Friday, December 06, and closing at $2.56, 24.88% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $2.0001 and $2.6799. The company’s P/E ratio in the trailing 12-month period was 0.37, while its 5Y monthly beta was -0.681. In examining the 52-week price action we see that the stock hit a 52-week high of $342.00 and a 52-week low of $1.79. Over the past month, the stock has lost -11.94% in value.
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Nature’s Miracle Holding Inc, whose market valuation is $6.23 million at the time of this writing, is expected to release its quarterly earnings report in January. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 0 per share this quarter, however they have predicted annual earnings per share of 0 for current year and 0 for next year.
Analysts have forecast the company to bring in revenue of 3.98M for the current quarter, with the likely lows of 3.98M and highs of 3.98M. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 12.25M.
A quick review shows that NMHI’s price is currently -2.89% off the SMA20 and -30.88% off the SMA50. The RSI metric on the 14-day chart is currently showing 46.12, and weekly volatility stands at 19.37%. When measured over the past 30 days, the indicator reaches 38.09%. Nature’s Miracle Holding Inc (NASDAQ:NMHI)’s beta value is currently sitting at 0, while the Average True Range indicator is currently displaying 0.78.
To see how Nature’s Miracle Holding Inc stock has been performing in comparison to its peers in the industry, here are the numbers: NMHI stock’s performance was 24.88% in the latest trading, and -99.22% in the past year. Nature’s Miracle Holding Inc has a P/E ratio of 0.37.
An evaluation of the daily trading volume of Nature’s Miracle Holding Inc (NASDAQ:NMHI) indicates that the 3-month average is 1.33 million. However, this figure has increased over the past 10 days to an average of 1.36.
Currently, records show that 1.05 million of the company’s shares remain outstanding. The insiders hold 63.82% of outstanding shares, whereas institutions hold 1.01%. The stats also highlight that short interest as of 2024-10-31, stood at 0.15 million shares, resulting in a short ratio of 0.03 at that time. From this, we can conclude that short interest is 114.00 of the company’s total outstanding shares. It is noteworthy that short shares in October were down slightly from the previous month’s figure, which was 0.24 million. However, since the stock’s price has seen -99.22% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
