Meihua International Medical Technologies Co Ltd (NASDAQ:MHUA) traded at $0.63 at last check on current trade day and made an upward move of 29.15% on its previous day’s price.
Looking at the stock we see that its previous close was $0.49 and the beta (5Y monthly) reads 0.532 with the day’s price range being $0.49 – $0.677. The company has a trailing 12-month PE ratio of 1.84. In terms of its 52-week price range, MHUA has a high of $2.81 and a low of $0.43. The company’s stock has gained about 17.44% over that past 30 days.
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Meihua International Medical Technologies Co Ltd has a market cap of $16.53 million and is expected to release its quarterly earnings report in January.
On the other hand, looking at the outlook for the MHUA stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 50% Sell.
Looking further, we note the current price level is 14.51% off its SMA20 and 1.66% from its 50-day simple moving average. The RSI (14) is pointing at 56.11 while the volatility over the past week is 15.55% and jumps to 16.31% over the past one month. The beta value is 0.39, while the average true range (ATR) is currently pointing at 0.09.
Coming back to Meihua International Medical Technologies Co Ltd (NASDAQ:MHUA), we note that the average 3-month trading volume was 760.75K, while that of the preceding 10-day period stands at 0.8 million. Current shares outstanding are 26.09 million.
The insiders hold 61.08% of the company’s shares while institutions hold 9.41%. The data shows that short shares as of 2024-11-29, stood at 47435.0 at a short ratio of 0.06. This represents a 47.00 short interest in shares outstanding on 2024-11-29. Shares short fall in November from the previous month at 0.32 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -57.21% down in year-to-date price movement.
