Horizon Technology Finance Corp (NASDAQ:HRZN) shares, rose in value on Friday, December 13, with the stock price down by -1.17% to the previous day’s close as strong demand from buyers drove the stock to $9.29.
Actively observing the price movement in the last trading, the stock closed the session at $9.40, falling within a range of $9.27 and $9.4. The value of beta (5-year monthly) was 1.234. Referring to stock’s 52-week performance, its high was $13.67, and the low was $9.07. On the whole, HRZN has fluctuated by -0.43% over the past month.
With the market capitalization of Horizon Technology Finance Corp currently standing at about $353.60 million, investors are eagerly awaiting this quarter’s results, scheduled for in January. The company’s Forward Dividend Ratio is 1.32, with its dividend yield at 14.19%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 102.05M, with a low estimate of 24.32M and a high estimate of 27.04M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 25.68M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that HRZN’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of HRZN currently trading nearly -0.17% and -4.36% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 40.17, while the 7-day volatility ratio is showing 1.01% which for the 30-day chart, stands at 1.18%. Furthermore, Horizon Technology Finance Corp (HRZN)’s beta value is 1.21, and its average true range (ATR) is 0.13.
A comparison of Horizon Technology Finance Corp (HRZN) with its peers suggests the former has fared considerably weaker in the market. HRZN showed an intraday change of -1.17% in last session, and over the past year, it shrunk by -28.34%%.
Data on historical trading for Horizon Technology Finance Corp (NASDAQ:HRZN) indicates that the trading volumes over the past 10 days have averaged 0.37 and over the past 3 months, they’ve averaged 440.56K. According to company’s latest data on outstanding shares, there are 38.06 million shares outstanding.
Nearly 1.27% of Horizon Technology Finance Corp’s shares belong to company insiders and institutional investors own 6.26% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 0.62 million shares as on 2024-11-29, resulting in a short ratio of 1.22. According to the data, the short interest in Horizon Technology Finance Corp (HRZN) stood at 164.00 of shares outstanding as of 2024-11-29; the number of short shares registered in 2024-10-31 reached 0.85 million. The stock has fallen by -29.16% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the HRZN stock heading into the next quarter.
