The average trading volume for HUHU on December 04, 2024 was 153.14K shares.
HUHU) stock’s latest price update
HUHUTECH International Group Inc (NASDAQ: HUHU) has experienced a rise in its stock price by 10.17 compared to its previous closing price of 4.13. However, the company has seen a gain of 13.47% in its stock price over the last five trading days. globenewswire.com reported 2024-11-21 that Wuxi, China, Nov. 21, 2024 (GLOBE NEWSWIRE) — HUHUTECH International Group Inc. (Nasdaq: HUHU) (the “Company” or “HUHUTECH”), a professional provider of factory facility management and monitoring systems, today announced that the underwriters of its initial public offering (the “Offering”) have partially exercised their over-allotment option to purchase an additional 123,413 ordinary shares at the public offering price of US$4.00 per share, resulting in additional gross proceeds of $493,652. After giving effect to the partial exercise of the over-allotment option, the total number of ordinary shares sold by the Company in the public offering increased to 1,173,413 ordinary shares and the gross proceeds increased to approximately US$4.69 million, before deducting underwriter discounts and other related expenses. The option closing date was November 21, 2024. The ordinary shares began trading on The Nasdaq Capital Market on October 22, 2024 under the ticker symbol “HUHU.”
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HUHU’s Market Performance
The volatility ratio for the week is 9.21%, and the volatility levels for the past 30 days are at 9.54% for HUHU. The simple moving average for the past 20 days is 7.11% for HUHU’s stock, with a 6.67% simple moving average for the past 200 days.
HUHU Trading at 6.67% from the 50-Day Moving Average
After a stumble in the market that brought HUHU to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -8.27% of loss for the given period.
Volatility was left at 9.54%, however, over the last 30 days, the volatility rate increased by 9.21%, as shares surge +1.11% for the moving average over the last 20 days.
During the last 5 trading sessions, HUHU rose by +13.47%, in comparison to the 20-day moving average, which settled at $4.25. In addition, HUHUTECH International Group Inc saw 10.71% in overturn over a single year, with a tendency to cut further gains.
Conclusion
In conclusion, HUHUTECH International Group Inc (HUHU) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
