Fujian Blue Hat Interactive Entertainment Technology Ltd. (NASDAQ:BHAT) closed Monday at $2.30 per share, down from $2.53 a day earlier. While Fujian Blue Hat Interactive Entertainment Technology Ltd. has underperformed by -9.09%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, BHAT fell by -67.94%, with highs and lows ranging from $8.80 to $0.60, whereas the simple moving average fell by -39.44% in the last 200 days.
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Analysis of Fujian Blue Hat Interactive Entertainment Technology Ltd. (BHAT)
Further, the quarter-over-quarter decrease in sales is -3.80%, showing a negative trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Fujian Blue Hat Interactive Entertainment Technology Ltd.’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of -99.60% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.20, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
As an indicator of volatility for any stock, average volume can also be very valuable, and BHAT is recording an average volume of 6.22M. On a monthly basis, the volatility of the stock is set at 15.79%, whereas on a weekly basis, it is put at 12.44%, with a loss of -11.71% over the past seven days.
How Do You Analyze Fujian Blue Hat Interactive Entertainment Technology Ltd. Shares?
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 33.11%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 5.70% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
Are institutional investors increasing their holdings in BHAT shares?
The recent increase in stakes in BHAT appears to be a result of several institutional investors and hedge funds increasing their positions. Esfera Capital Gestión SGIIC SA’s position in BHAT has increased by 0.32% in the first quarter. The company now owns 21,054 shares of the stock, with a value of $60004.0, following the purchase of 67 additional shares during the last quarter. Renaissance Technologies LLC made another decreased to its shares in BHAT during the first quarter, downing its stake by -55.36%.
At the end of the first quarter, Wells Fargo Clearing Services LLC decreased its BHAT holdings by 0.00% and now holds 200.0 BHAT shares valued at $570.0 with the lessened 0.0 shares during the period. BHAT shares are owned by institutional investors to the tune of 5.70% at present.