What Is The Deal With Health In Tech Inc (NASDAQ: HIT) Stock?

Health In Tech Inc (NASDAQ:HIT) traded at $5.97 at close of the session on Friday, February 14 and made an upward move of 0.51% on its previous day’s price.

Looking at the stock we see that its previous close was $5.94 with the day’s price range being $5.9 – $6.26. The company has a trailing 12-month PE ratio of 177.68. In terms of its 52-week price range, HIT has a high of $7.12 and a low of $4.82. The company’s stock has gained about 4.74% over that past 30 days.

Health In Tech Inc has a market cap of $322.80 million and is expected to release its quarterly earnings report in March.

Looking further, we note the current price level is 5.99% off its SMA20 and 8.20% from its 50-day simple moving average. The RSI (14) is pointing at 57.97 while the volatility over the past week is 7.21% and jumps to 9.10% over the past one month.

Coming back to Health In Tech Inc (NASDAQ:HIT), we note that the average 3-month trading volume was 917.87K, while that of the preceding 10-day period stands at 1.73 million. Current shares outstanding are 42.37 million.

The insiders hold 78.30% of the company’s shares while institutions hold 0.01%. The data shows that short shares as of 2025-01-31, stood at 17143.0 at a short ratio of 0.02. This represents a 14.00 short interest in shares outstanding on 2025-01-31. Shares short fall in January from the previous month at 37859.0. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 11.48% up in year-to-date price movement.

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