Horizon Technology Finance Corp (NASDAQ:HRZN) price on Friday, June 13, fall -0.13% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $7.53.
A look at the stock’s price movement, the close in the last trading session was $7.54. Turning to its 52-week performance, $12.63 and $7.12 were the 52-week high and 52-week low respectively. Overall, HRZN moved -0.26% over the past month.
Horizon Technology Finance Corp’s market cap currently stands at around $303.87 million, with investors looking forward to this quarter’s earnings report slated for in July. The company has a Forward Dividend ratio of 1.32, with its dividend yield at 17.53%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
1 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 0 recommend HRZN as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
HRZN’s current price about 0.49% and -3.75% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 45.66, while 7-day volatility ratio is 0.66% and 1.29% in the 30-day chart. Further, Horizon Technology Finance Corp (HRZN) has a beta value of 1.01, and an average true range (ATR) of 0.14. Analysts have given the company’s stock an average 52-week price target of $9.875, forecast between a low of $8.25 and high of $11.5. Looking at the price targets, the low is -9.56% off current price level while to achieve the yearly target high, price needs to move -52.72%. Nonetheless, investors will most likely welcome a -31.14% jump to $9.875 which is the analysts’ median price.
If we refocus on Horizon Technology Finance Corp (NASDAQ:HRZN), historical trading data shows that trading volumes averaged 467.21K over the past 3 months. The company’s latest data on shares outstanding shows there are 40.35 million shares.
The 1.33% of Horizon Technology Finance Corp’s shares are in the hands of company insiders while institutional holders own 8.63% of the company’s shares. Current price change has pushed the stock -16.24% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the HRZN stock continues to rise going into the next quarter.
