Hanryu Holdings Inc (NASDAQ: HRYU) has seen a rise in its stock price by 3.39 in relation to its previous close of 0.28. However, the company has experienced a 25.87% gain in its stock price over the last five trading sessions. accesswire.com reported 2024-08-23 that SEOUL, KOREA / ACCESSWIRE / August 23, 2024 / Seoul, Republic of South Korea, August 23, 2024 — Hanryu Holdings, Inc. (NASDAQ:HRYU) (” Hanryu ” or the ” Company “), a media-tech company and creator of FANTOO, an all-in-one social media experience connecting k-culture fans globally, today announced that on August 20, 2024, it received a delinquency compliance alert notice from the Listing Qualifications Department of The Nasdaq Stock Market LLC (” Nasdaq “) advising the Company that due to the Company’s failure to timely file its Quarterly Report on Form 10-Q for the period ended June 30, 2024 (the ” Q2 2024 10-Q “) with the Securities and Exchange Commission (the ” SEC “), the Company is not in compliance with Nasdaq’s continued listing requirements under Nasdaq Listing Rule 5250(c)(1) (the ” Rule “), which requires the timely filing of all required periodic reports with the SEC. As previously reported, on April 18, 2024, Nasdaq notified the Company that it no longer complied with the Rule as it had not yet filed its Annual Report on Form 10-K (” Form 10-K “) for the period ended December 31, 2023 (” Initial Delinquent Filing “).
Is It Worth Investing in Hanryu Holdings Inc (NASDAQ: HRYU) Right Now?
Moreover, the 36-month beta value for HRYU is -4.09.
The public float for HRYU is 35.68M and currently, short sellers hold a 0.88% of that float. On December 04, 2024, HRYU’s average trading volume was 3.45M shares.
HRYU’s Market Performance
HRYU stock saw an increase of 25.87% in the past week, with a monthly gain of 1.05% and a quarterly increase of 26.59%. The volatility ratio for the week is 10.51%, and the volatility levels for the last 30 days are 13.77% for Hanryu Holdings Inc (HRYU). The simple moving average for the last 20 days is 21.98% for HRYU stock, with a simple moving average of -5.99% for the last 200 days.
HRYU Trading at 21.43% from the 50-Day Moving Average
After a stumble in the market that brought HRYU to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -80.70% of loss for the given period.
Volatility was left at 13.77%, however, over the last 30 days, the volatility rate increased by 10.51%, as shares surge +4.30% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +28.40% upper at present.
During the last 5 trading sessions, HRYU rose by +24.43%, which changed the moving average for the period of 200-days by -38.19% in comparison to the 20-day moving average, which settled at $0.2372. In addition, Hanryu Holdings Inc saw -64.26% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for HRYU
Current profitability levels for the company are sitting at:
- 5.96 for the present operating margin
- 0.04 for the gross margin
The net margin for Hanryu Holdings Inc stands at 4.07. The total capital return value is set at -0.31.
Based on Hanryu Holdings Inc (HRYU), the company’s capital structure generated 0.35 points at debt to capital in total, while cash flow to debt ratio is standing at -0.7. The debt to equity ratio resting at 0.53. The interest coverage ratio of the stock is -43.2.
Currently, EBITDA for the company is -9.9 million with net debt to EBITDA at -1.99. When we switch over and look at the enterprise to sales, we see a ratio of -37.17. The receivables turnover for the company is -1.75for trailing twelve months and the total asset turnover is -0.03. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.95.
Conclusion
To wrap up, the performance of Hanryu Holdings Inc (HRYU) has been mixed 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.
