. The simple moving average for the past 20 days is 6.23% for HIT’s stock, with a 6.23% simple moving average for the past 200 days.
Is It Worth Investing in Health In Tech Inc (NASDAQ: HIT) Right Now?
Health In Tech Inc (NASDAQ: HIT) has a price-to-earnings ratio of 169.94x that is above its average ratio.
The public float for HIT is 11.74M and currently, short sellers hold a 0.32% ratio of that float. The average trading volume of HIT on January 16, 2025 was 572.62K shares.
HIT) stock’s latest price update
Health In Tech Inc (NASDAQ: HIT)’s stock price has soared by 0.18 in relation to previous closing price of 5.70. Nevertheless, the company has seen a gain of 4.20% in its stock price over the last five trading days. prnewswire.com reported 2024-12-24 that STUART, Fla., Dec. 24, 2024 /PRNewswire/ — Health In Tech, an Insurtech platform company backed by third-party AI technology, today announced the closing of its initial public offering of 2,300,000 shares of its Class A common stock at a public offering price of $4.00 per share, for gross proceeds of $9,200,000, before deducting underwriting discounts, commissions, and estimated offering expenses.
HIT Trading at 6.23% from the 50-Day Moving Average
After a stumble in the market that brought HIT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -19.80% of loss for the given period.
During the last 5 trading sessions, HIT rose by +4.11%, in comparison to the 20-day moving average. In addition, Health In Tech Inc saw 6.63% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for HIT
The liquidity ratio also appears to be rather interesting for investors as it stands at 1.62.
Conclusion
In conclusion, Health In Tech Inc (HIT) has seen better 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.
