Hooker Furnishings Corporation (NASDAQ:HOFT) shares, rose in value on Wednesday, June 18, with the stock price down by -1.03% to the previous day’s close as strong demand from buyers drove the stock to $10.06.
Actively observing the price movement in the last trading, the stock closed the session at $10.16. Referring to stock’s 52-week performance, its high was $19.79, and the low was $7.34. On the whole, HOFT has fluctuated by 6.01% over the past month.
With the market capitalization of Hooker Furnishings Corporation currently standing at about $107.62 million, investors are eagerly awaiting this quarter’s results, scheduled for in July. The company’s Forward Dividend Ratio is 0.92, with its dividend yield at 9.15%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that HOFT’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of HOFT currently trading nearly -1.98% and 5.54% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 48.33, while the 7-day volatility ratio is showing 0.92% which for the 30-day chart, stands at 4.73%. Furthermore, Hooker Furnishings Corporation (HOFT)’s beta value is 1.38, and its average true range (ATR) is 0.69.
A comparison of Hooker Furnishings Corporation (HOFT) with its peers suggests the former has fared considerably weaker in the market. HOFT showed an intraday change of -1.03% in last session, and over the past year, it shrunk by -28.04%%.
Data on historical trading for Hooker Furnishings Corporation (NASDAQ:HOFT) indicates that the trading volumes over the past 3 months, they’ve averaged 80.61K. According to company’s latest data on outstanding shares, there are 10.71 million shares outstanding.
Nearly 2.80% of Hooker Furnishings Corporation’s shares belong to company insiders and institutional investors own 82.25% of the company’s shares. The stock has fallen by -28.19% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the HOFT stock heading into the next quarter.
