Haoxi Health Technology Ltd (NASDAQ: HAO)’s stock price has soared by 2.81 in relation to previous closing price of 0.12. Nevertheless, the company has seen a loss of -11.59% in its stock price over the last five trading days. globenewswire.com reported 2024-11-27 that BEIJING, Nov. 27, 2024 (GLOBE NEWSWIRE) — Haoxi Health Technology Limited (the “Company” or “HAO”), an online marketing solution provider headquartered in Beijing, China, today announced the Company’s wholly owned subsidiary Beijing Haoxi Digital Technology Co., Ltd. (“Beijing Haoxi”) was awarded a Recharge Service Framework Contract (the “Contract”) to provide comprehensive digital advertising services with a budget of RMB30 million for Tengyuan Media Advertising Co., Ltd. (“Tengyuan”) and its clients.
Is It Worth Investing in Haoxi Health Technology Ltd (NASDAQ: HAO) Right Now?
The price-to-earnings ratio for Haoxi Health Technology Ltd (NASDAQ: HAO) is above average at 3.32x.
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The public float for HAO is 12.12M, and at present, short sellers hold a 9.81% of that float. The average trading volume of HAO on December 17, 2024 was 6.89M shares.
HAO’s Market Performance
HAO’s stock has seen a -11.59% decrease for the week, with a -39.50% drop in the past month and a -95.82% fall in the past quarter. The volatility ratio for the week is 10.80%, and the volatility levels for the past 30 days are at 14.36% for Haoxi Health Technology Ltd The simple moving average for the last 20 days is -22.86% for HAO’s stock, with a simple moving average of -96.67% for the last 200 days.
HAO Trading at -29.80% 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 -98.82% of loss for the given period.
Volatility was left at 14.36%, however, over the last 30 days, the volatility rate increased by 10.80%, as shares sank -43.00% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -41.26% lower at present.
During the last 5 trading sessions, HAO fell by -11.69%, which changed the moving average for the period of 200-days by -98.22% in comparison to the 20-day moving average, which settled at $0.1627. In addition, Haoxi Health Technology Ltd saw -97.62% 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 0.1 points at debt to capital in total, while cash flow to debt ratio is standing at -1.07. The debt to equity ratio resting at 0.11. The interest coverage ratio of the stock is 161.92.
Currently, EBITDA for the company is 1.79 million with net debt to EBITDA at -2.13. When we switch over and look at the enterprise to sales, we see a ratio of -0.01. 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 summary, Haoxi Health Technology Ltd (HAO) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
