The stock of Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT) has increased by 14.74 when compared to last closing price of 0.95. InvestorPlace reported 2024-02-09 that When it comes to high-risk, high-reward investments, few asset classes can compete with penny stocks. While these small-cap stocks tend to be volatile and speculative, the returns can be massive for investors with the patience and risk tolerance to ride out the ups and downs.
Is It Worth Investing in Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT) Right Now?
Additionally, the 36-month beta value for BHAT is 1.31.
The public float for BHAT is 6.96M and currently, short sellers hold a 0.54% ratio of that float. The average trading volume of BHAT on April 22, 2024 was 94.36K shares.
BHAT’s Market Performance
BHAT stock saw an increase of 0.00% in the past week, with a monthly gain of 0.93% and a quarterly increase of 7.92%. The volatility ratio for the week is 8.42%, and the volatility levels for the last 30 days are 6.33% for Blue Hat Interactive Entertainment Technology (BHAT). The simple moving average for the past 20 days is 2.07% for BHAT’s stock, with a -8.95% simple moving average for the past 200 days.
BHAT Trading at 1.68% from the 50-Day Moving Average
After a stumble in the market that brought BHAT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -63.67% of loss for the given period.
Volatility was left at 6.33%, however, over the last 30 days, the volatility rate increased by 8.42%, as shares surge +3.81% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.86% upper at present.
During the last 5 trading sessions, BHAT remain unchanged, which changed the moving average for the period of 200-days by -8.40% in comparison to the 20-day moving average, which settled at $1.0698. In addition, Blue Hat Interactive Entertainment Technology saw 9.00% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for BHAT
Current profitability levels for the company are sitting at:
- -0.1 for the present operating margin
- 0.03 for the gross margin
The net margin for Blue Hat Interactive Entertainment Technology stands at -0.12.
When we switch over and look at the enterprise to sales, we see a ratio of 0.22.
Conclusion
In conclusion, Blue Hat Interactive Entertainment Technology (BHAT) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
