Analysts Say Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT) Should Remain On Your Watch List

Blue Hat Interactive Entertainment Technology (NASDAQ:BHAT) traded at $0.12 at close of the session on current trade day and made an upward move of 28.49% on its previous day’s price.

Looking at the stock we see that its previous close was $0.09 and the beta (5Y monthly) reads 1.143 with the day’s price range being $0.0939 – $0.135. In terms of its 52-week price range, BHAT has a high of $1.45 and a low of $0.08. The company’s stock has lost about -24.49% over that past 30 days.

Blue Hat Interactive Entertainment Technology has a market cap of $6.72 million and is expected to release its quarterly earnings report in February.

On the other hand, looking at the outlook for the BHAT stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of 100% Sell.

Looking further, we note the current price level is -7.58% off its SMA20 and -33.20% from its 50-day simple moving average. The RSI (14) is pointing at 42.49 while the volatility over the past week is 37.61% and jumps to 22.12% over the past one month. The beta value is 1.00, while the average true range (ATR) is currently pointing at 0.03.

Coming back to Blue Hat Interactive Entertainment Technology (NASDAQ:BHAT), we note that the average 3-month trading volume was 6.38 million, while that of the preceding 10-day period stands at 34.14 million. Current shares outstanding are 58.40 million.

The insiders hold 8.41% of the company’s shares while institutions hold 0.98%. The data shows that short shares as of 2024-11-29, stood at 53001.0 at a short ratio of 0.08. This represents a 13.00 short interest in shares outstanding on 2024-11-29. Shares short fall in November from the previous month at 0.34 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -16.36% down in year-to-date price movement.

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