The trading price of Hudson Technologies, Inc (NASDAQ:HDSN) closed lower on Friday, May 23, and closing at $7.08, -1.39% lower than its previous close.
The company’s P/E ratio in the trailing 12-month period was 19.05. In examining the 52-week price action we see that the stock hit a 52-week high of $9.95 and a 52-week low of $5.11. Over the past month, the stock has gained 23.13% in value.
Hudson Technologies, Inc, whose market valuation is $307.84 million at the time of this writing, is expected to release its quarterly earnings report in June. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 0.15 per share this quarter, however they have predicted annual earnings per share of 0.37 for current year and 0.51 for next year.
Analysts have forecast the company to bring in revenue of 71.66M for the current quarter, with the likely lows of 68.8M and highs of 79.6M. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 231.32M.
On the technical side, indicators suggest HDSN has a 50% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Buy, while an average of long term indicators suggests that the stock is currently 50% Buy.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned HDSN a recommendation rating is 1. Out of them, 1 rate it a Hold, while 0 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged Hudson Technologies, Inc (HDSN) as Underweight, while 0 advise Sell. Analysts have rated the stock Hold, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
A quick review shows that HDSN’s price is currently -1.75% off the SMA20 and 11.04% off the SMA50. The RSI metric on the 14-day chart is currently showing 52.43, and weekly volatility stands at 1.41%. When measured over the past 30 days, the indicator reaches 4.24%. Hudson Technologies, Inc (NASDAQ:HDSN)’s beta value is currently sitting at 0.93, while the Average True Range indicator is currently displaying 0.33. With analysts defining $8.5-$10 as the low and high price targets, we arrive at a consensus price target of $10 for the trailing 12-month period. The current price is about -20.06% off the estimated low and -41.24% off the forecast high, based on this estimate. Investors will be thrilled if HDSN’s share price rises to $10, which is the median consensus price. At that level, HDSN’s share price would be -41.24% below current price.
To see how Hudson Technologies, Inc stock has been performing in comparison to its peers in the industry, here are the numbers: HDSN stock’s performance was -1.39% in the latest trading, and -27.24% in the past year. Hudson Technologies, Inc has a P/E ratio of 19.05.
An evaluation of the daily trading volume of Hudson Technologies, Inc (NASDAQ:HDSN) indicates that the 3-month average is 557.38K.
Currently, records show that 43.98 million of the company’s shares remain outstanding. The insiders hold 12.26% of outstanding shares, whereas institutions hold 79.64%. However, since the stock’s price has seen 26.88% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
