Haoxi Health Technology Ltd (NASDAQ: HAO) has experienced a decline in its stock price by -3.01 compared to its previous closing price of 0.21. However, the company has seen a gain of 16.62% in its stock price over the last five trading days. globenewswire.com reported 2024-10-29 that BEIJING, Oct. 29, 2024 (GLOBE NEWSWIRE) — Haoxi Health Technology Limited (the “Company” or “HAO”), an online marketing solution provider headquartered in Beijing, China, today reported its financial results for the fiscal year ended June 30, 2024.
Is It Worth Investing in Haoxi Health Technology Ltd (NASDAQ: HAO) Right Now?
Haoxi Health Technology Ltd (NASDAQ: HAO) has a higher price-to-earnings ratio of 5.34x compared to its average ratio,
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The public float for HAO is 12.12M, and currently, shorts hold a 5.58% of that float. The average trading volume for HAO on November 04, 2024 was 3.62M shares.
HAO’s Market Performance
HAO stock saw a decrease of 16.62% in the past week, with a monthly decline of -29.48% and a quarterly a decrease of -94.55%. The volatility ratio for the week is 18.39%, and the volatility levels for the last 30 days are 16.48% for Haoxi Health Technology Ltd (HAO). The simple moving average for the past 20 days is 8.42% for HAO’s stock, with a -95.78% simple moving average for the past 200 days.
HAO Trading at -85.77% from the 50-Day Moving Average
After a stumble in the market that brought HAO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -98.10% of loss for the given period.
Volatility was left at 16.48%, however, over the last 30 days, the volatility rate increased by 18.39%, as shares sank -5.53% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -94.53% lower at present.
During the last 5 trading sessions, HAO rose by +16.59%, in comparison to the 20-day moving average, which settled at $0.1861. In addition, Haoxi Health Technology Ltd saw -96.18% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for HAO
Current profitability levels for the company are sitting at:
- 0.05 for the present operating margin
- 0.06 for the gross margin
The net margin for Haoxi Health Technology Ltd stands at 0.03. The total capital return value is set at 0.23.
Based on Haoxi Health Technology Ltd (HAO), the company’s capital structure generated 0.09 points at debt to capital in total, while cash flow to debt ratio is standing at -1.13. The debt to equity ratio resting at 0.1. The interest coverage ratio of the stock is 161.92.
Currently, EBITDA for the company is 2.75 million with net debt to EBITDA at -2.02. When we switch over and look at the enterprise to sales, we see a ratio of 0.03. The receivables turnover for the company is 16.35for trailing twelve months and the total asset turnover is 3.74. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.98.
Conclusion
In conclusion, Haoxi Health Technology Ltd (HAO) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
