The stock of Blue Hat Interactive Entertainment Technology (BHAT) has seen a 1.12% increase in the past week, with a -34.85% drop in the past month, and a -75.42% decrease in the past quarter. The volatility ratio for the week is 19.51%, and the volatility levels for the past 30 days are at 14.97% for BHAT. The simple moving average for the past 20 days is -14.78% for BHAT’s stock, with a -67.65% simple moving average for the past 200 days.
Is It Worth Investing in Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT) Right Now?
Moreover, the 36-month beta value for BHAT is 1.12.
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The public float for BHAT is 53.49M and currently, short sellers hold a 0.00% of that float. On October 02, 2024, BHAT’s average trading volume was 299.28K shares.
BHAT) stock’s latest price update
Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT)’s stock price has gone decline by -9.91 in comparison to its previous close of 0.34, however, the company has experienced a 1.12% increase in its stock price over the last five trading days. globenewswire.com reported 2024-09-11 that XIAMEN, China, Sept. 11, 2024 (GLOBE NEWSWIRE) — Blue Hat Interactive Entertainment Technology (“Blue Hat” or the “Company”) (NASDAQ: BHAT), today announced that on September 6, 2024, it has received a notification letter from The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that it is not in compliance with the minimum bid price requirement from July 25, 2024 through September 5, 2024, as set forth in Nasdaq Listing Rules 5550(a)(2), which require that the closing bid price for the Company’s ordinary shares listed on Nasdaq be maintained at a minimum of US$1.00 and failure to meet it for 30 consecutive business days constitutes a compliance deficiency.
BHAT Trading at -44.02% 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 -89.76% of loss for the given period.
Volatility was left at 14.97%, however, over the last 30 days, the volatility rate increased by 19.51%, as shares sank -27.24% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -69.58% lower at present.
During the last 5 trading sessions, BHAT rose by +1.12%, which changed the moving average for the period of 200-days by -75.02% in comparison to the 20-day moving average, which settled at $0.3547. In addition, Blue Hat Interactive Entertainment Technology saw -69.28% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for BHAT
Current profitability levels for the company are sitting at:
- -0.51 for the present operating margin
- -0.23 for the gross margin
The net margin for Blue Hat Interactive Entertainment Technology stands at -0.48. The total capital return value is set at -0.59.
Currently, EBITDA for the company is -14.77 million with net debt to EBITDA at -0.12. When we switch over and look at the enterprise to sales, we see a ratio of 0.42. The receivables turnover for the company is 2.37for trailing twelve months and the total asset turnover is 1.03. The liquidity ratio also appears to be rather interesting for investors as it stands at 6.93.
Conclusion
To wrap up, the performance of Blue Hat Interactive Entertainment Technology (BHAT) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. 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.
