The stock has a 36-month beta value of 1.21. Opinions on the stock are mixed, with 1 analysts rating it as a “buy,” 1 as “overweight,” 5 as “hold,” and 2 as “sell.”
The public float for HRZN is 37.57M, and at present, short sellers hold a 2.62% of that float. On November 28, 2024, the average trading volume of HRZN was 411.91K shares.
HRZN) stock’s latest price update
Horizon Technology Finance Corp (NASDAQ: HRZN)’s stock price has soared by 0.54 in relation to previous closing price of 9.24. Nevertheless, the company has seen a gain of 0.54% in its stock price over the last five trading days. 247wallst.com reported 2024-11-18 that Key Points As expected, the Federal Reserve lowered interest rates by 25 basis points.
HRZN’s Market Performance
Horizon Technology Finance Corp (HRZN) has seen a 0.54% rise in stock performance for the week, with a -7.19% decline in the past month and a -15.62% plunge in the past quarter. The volatility ratio for the week is 1.00%, and the volatility levels for the past 30 days are at 1.99% for HRZN. The simple moving average for the past 20 days is -0.39% for HRZN’s stock, with a -17.50% simple moving average for the past 200 days.
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 -7.06% 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 -32.03% of loss for the given period.
Volatility was left at 1.99%, however, over the last 30 days, the volatility rate increased by 1.00%, as shares sank -4.13% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -14.77% lower at present.
During the last 5 trading sessions, HRZN rose by +0.54%, which changed the moving average for the period of 200-days by -29.67% in comparison to the 20-day moving average, which settled at $9.33. In addition, Horizon Technology Finance Corp saw -29.16% 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 SAVAGE JOSEPH J, who purchase 5,000 shares at the price of $9.35 back on Nov 13 ’24. After this action, SAVAGE JOSEPH J now owns 55,000 shares of Horizon Technology Finance Corp, valued at $46,750 using the latest closing price.
SAVAGE JOSEPH J, the Director of Horizon Technology Finance Corp, purchase 4,500 shares at $9.20 during a trade that took place back on Nov 14 ’24, which means that SAVAGE JOSEPH J is holding 59,500 shares at $41,400 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 56.52. 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
To sum up, Horizon Technology Finance Corp (HRZN) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others 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.
