The stock of Horizon Technology Finance Corp (HRZN) has gone down by -2.06% for the week, with a -12.41% drop in the past month and a -16.88% drop in the past quarter. The volatility ratio for the week is 2.27%, and the volatility levels for the past 30 days are 2.15% for HRZN.. The simple moving average for the past 20 days is -4.35% for HRZN’s stock, with a -18.81% simple moving average for the past 200 days.
Is It Worth Investing in Horizon Technology Finance Corp (NASDAQ: HRZN) Right Now?
Additionally, the 36-month beta value for HRZN is 1.22. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 5 rating it as “hold,” and 0 rating it as “sell.”
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The public float for HRZN is 37.58M and currently, short sellers hold a 2.27% ratio of that float. The average trading volume of HRZN on November 14, 2024 was 389.26K shares.
HRZN) stock’s latest price update
Horizon Technology Finance Corp (NASDAQ: HRZN)’s stock price has dropped by -0.48 in relation to previous closing price of 9.33. Nevertheless, the company has seen a loss of -2.06% in its stock price over the last five trading days. seekingalpha.com reported 2024-11-03 that I have been covering Horizon Technology since December 2023, when I issued my first bearish thesis, indicating the risks are too high and the yield does not justify them. Since then, HRZN has underperformed the BDC index by ~29%, even though the dividend has remained intact. In this article, I assess the Q3 2024 earnings report and explain why, in my opinion, the BDC is still too risky to enter.
Analysts’ Opinion of HRZN
B. Riley Securities, on the other hand, stated in their research note that they expect to see HRZN reach a price target of $11. The rating they have provided for HRZN stocks is “Sell” according to the report published on January 08th, 2024.
Compass Point gave a rating of “Sell” to HRZN, setting the target price at $10 in the report published on October 17th of the previous year.
HRZN Trading at -9.94% from the 50-Day Moving Average
After a stumble in the market that brought HRZN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -32.07% of loss for the given period.
Volatility was left at 2.15%, however, over the last 30 days, the volatility rate increased by 2.27%, as shares sank -10.12% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -16.12% lower at present.
During the last 5 trading sessions, HRZN fell by -2.06%, which changed the moving average for the period of 200-days by -28.63% in comparison to the 20-day moving average, which settled at $9.71. In addition, Horizon Technology Finance Corp saw -29.19% 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 HRZN starting from Goodman Jonathan Joseph, who purchase 2,313 shares at the price of $10.81 back on Aug 05 ’24. After this action, Goodman Jonathan Joseph now owns 2,313 shares of Horizon Technology Finance Corp, valued at $25,004 using the latest closing price.
Balkin Michael, the Director of Horizon Technology Finance Corp, purchase 10,000 shares at $10.58 during a trade that took place back on Aug 05 ’24, which means that Balkin Michael is holding 10,000 shares at $105,800 based on the most recent closing price.
Stock Fundamentals for HRZN
Current profitability levels for the company are sitting at:
- 0.26 for the present operating margin
- 0.86 for the gross margin
The net margin for Horizon Technology Finance Corp stands at -0.04. The total capital return value is set at 0.04.
Based on Horizon Technology Finance Corp (HRZN), the company’s capital structure generated 0.17 points at debt to capital in total, while cash flow to debt ratio is standing at -0.01. The debt to equity ratio resting at 0.21. The interest coverage ratio of the stock is 0.88.
Currently, EBITDA for the company is 11.94 million with net debt to EBITDA at 102.05. When we switch over and look at the enterprise to sales, we see a ratio of 6.95. The receivables turnover for the company is 6.7for trailing twelve months and the total asset turnover is 0.13.
Conclusion
In conclusion, Horizon Technology Finance Corp (HRZN) has seen bad 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.
