The stock of Hudson Technologies, Inc. (HDSN) has gone down by -6.19% for the week, with a -2.67% drop in the past month and a -14.76% drop in the past quarter. The volatility ratio for the week is 5.17%, and the volatility levels for the past 30 days are 3.65% for HDSN. The simple moving average for the past 20 days is -7.15% for HDSN’s stock, with a -29.14% simple moving average for the past 200 days.
Is It Worth Investing in Hudson Technologies, Inc. (NASDAQ: HDSN) Right Now?
Hudson Technologies, Inc. (NASDAQ: HDSN) has a price-to-earnings ratio of 10.41x that is above its average ratio. Additionally, the 36-month beta value for HDSN is 1.26. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 1 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
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The public float for HDSN is 39.34M and currently, short sellers hold a 3.77% ratio of that float. The average trading volume of HDSN on August 07, 2024 was 440.17K shares.
HDSN) stock’s latest price update
Hudson Technologies, Inc. (NASDAQ: HDSN)’s stock price has soared by 6.50 in relation to previous closing price of 7.54. Nevertheless, the company has seen a loss of -6.19% in its stock price over the last five trading days. investorplace.com reported 2024-08-07 that Cheap stocks are often cheap for a reason. That bit of investing wisdom underscores the need to perform due diligence on a company and not just buy it because the stock trades at a low price.
Analysts’ Opinion of HDSN
Many brokerage firms have already submitted their reports for HDSN stocks, with Canaccord Genuity repeating the rating for HDSN by listing it as a “Hold.” The predicted price for HDSN in the upcoming period, according to Canaccord Genuity is $10 based on the research report published on May 02, 2024 of the current year 2024.
B. Riley Securities, on the other hand, stated in their research note that they expect to see HDSN reach a price target of $17. The rating they have provided for HDSN stocks is “Buy” according to the report published on December 05th, 2023.
Canaccord Genuity gave a rating of “Buy” to HDSN, setting the target price at $15 in the report published on September 25th of the previous year.
HDSN Trading at -8.98% from the 50-Day Moving Average
After a stumble in the market that brought HDSN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -47.31% of loss for the given period.
Volatility was left at 3.65%, however, over the last 30 days, the volatility rate increased by 5.17%, as shares sank -2.76% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -15.02% lower at present.
During the last 5 trading sessions, HDSN fell by -5.49%, which changed the moving average for the period of 200-days by -39.63% in comparison to the 20-day moving average, which settled at $8.64. In addition, Hudson Technologies, Inc. saw -40.47% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at HDSN starting from ABBATECOLA VINCENT P, who sale 10,000 shares at the price of $9.20 back on Jun 14 ’24. After this action, ABBATECOLA VINCENT P now owns 159,341 shares of Hudson Technologies, Inc., valued at $92,000 using the latest closing price.
Parrillo Richard, the Director of Hudson Technologies, Inc., sale 20,205 shares at $13.29 during a trade that took place back on Dec 14 ’23, which means that Parrillo Richard is holding 179,768 shares at $268,491 based on the most recent closing price.
Stock Fundamentals for HDSN
Current profitability levels for the company are sitting at:
- 0.25 for the present operating margin
- 0.37 for the gross margin
The net margin for Hudson Technologies, Inc. stands at 0.17. The total capital return value is set at 0.28. Equity return is now at value 15.94, with 12.23 for asset returns.
Based on Hudson Technologies, Inc. (HDSN), the company’s capital structure generated 0.03 points at debt to capital in total, while cash flow to debt ratio is standing at 7.49. The debt to equity ratio resting at 0.03. The interest coverage ratio of the stock is 10.86.
Currently, EBITDA for the company is 83.95 million with net debt to EBITDA at -0.08. When we switch over and look at the enterprise to sales, we see a ratio of 1.3. The receivables turnover for the company is 7.71for trailing twelve months and the total asset turnover is 0.94. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.60.
Conclusion
In conclusion, Hudson Technologies, Inc. (HDSN) has seen bad performance in recent times. Analysts have a bullish 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.
