If you’re on the hunt for stocks to watch today, Hebron Technology Co., Ltd. (NASDAQ:HEBT) is a stock to give close attention to. The company shares are trading 9.66% or 0.089 points up from last closing price of $0.921, reaching $1.01 at last check. The HEBT share price has risen in 3 of the last 5 days and is up 4.66% over the past week. It will be exciting to see whether the stock manages to continue increasing or take a minor break for the next few days. The move came on solid volume too with far more shares changing hands than in a normal session. Trading activity as of this writing strengthened by 199,703 shares, and in total 202703 shares valued at $204730 were seen changing hands compared with 3000 shares valued at $2763 recorded at the previous session. You should take into consideration that a greater volume on higher prices causes bullish signal for the market. It shows the sentiment is in an uptrend and more and more traders want to enter in the HEBT stock.
Hebron Technology Co., Ltd. (HEBT) shares have notched a 3-month gain of about 4.66%, but has still advanced 8.7% year to date. By comparison, the stock sank -45.18% over the past 12 months, while it jumped 21.18% over the 1 month. The company’s market cap is around $15.16M, with its short interest ratio standing at 0.38%.
In the current trading session for HEBT, the stock witnessed two major price actions, it rose to a high of $1.2 and was down as much as $0.9 at one point. The high recorded is very low when compared to their 52-week high which is $0.5. The 52-week high is now at -59.18 distance from current price. Their recent low of $2.45 represents a 100% recovery. This data is quite important for investors who look to benefit from the recent rise of the company’s stock. Taking a look at the overall sentimental views of financial analysts, the trading pattern of this stock recently is very clear.
The stock of Hebron Technology Co., Ltd. earned $-0.32 per share in the trailing 12 months and has a P/E ratio of -3.16. You can compare it with that of similar companies in its industry to get a sense of whether the stock you’re looking to purchase is overvalued or undervalued. Its current price to earnings ratio is lower than the ones recorded by the industry which is 21.07 and lower compared to the sector’s average of 23. When the P/E ratio is low let’s say below 1.0, then the stock price is considered a good value. HEBT also has P/S multiple of 0.66. This is smaller versus the 12 month P/S ratios of other companies in the same indutry. The peer average price to sales ratio is 3.25x.
HEBT‘s last price was down -6.51% as compared to the average trading price of 50 days recorded at $1.08 while enlarging the period to 200 trading days, the average closing price was $0.9. At present, there are 16.46 million in the total number of common shares owned by the public and among those 7.29 million shares have been available to trade. The percentage of shares being held by the company management was 55.19% while institutions stake was 1.1%. The company has generated negative returns on equity over the last 12 months (0%). It managed to keep its gross profit margin at 30% over the past 12 months.
When assessing the full upside of the HEBT stock, there is another set of technicals that should be looked into and considered. Its 15.44% gain from moving average of $0.87 has brought about a positive sentiment when calculated over the last 20 days. The market has allocated a beta of 0 to the stock. With the beta been less than one, this implies that the company shares are theoretically less volatile than the market, something that the traders definitely are keeping an eye on.
In the last five years, the EPS of the company has been roughly -30.7%. Though the percentage looks disappointing, extra headwinds are emerging as looking out over a next 5-year period, with analysts estimating that their earnings will decrease annually by 0%. The revenue of the company has risen at an average annualized rate of about 12 over the last five years. The company recently recorded an increase of 40.2%, but this figure is rather attractive.
Let’s briefly check the hedge fund interest towards HEBT stock. Renaissance Technologies LLC added position in the company after it grew 50% or 28,400 shares of its common stock. The hedge fund now owns 42,600 shares worth $43,026, SEC documents show.