While Hudson Technologies, Inc. has overperformed by 0.97%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, HDSN rose by 25.45%, with highs and lows ranging from $15.24 to $7.21, whereas the simple moving average fell by -13.85% in the last 200 days.
On December 05, 2023, B. Riley Securities started tracking Hudson Technologies, Inc. (NASDAQ: HDSN) recommending Buy. A report published by Canaccord Genuity on September 25, 2023, Initiated its previous ‘Buy’ rating for HDSN. ROTH Capital also Upgraded HDSN shares as ‘Buy’, setting a target price of $6.50 on the company’s shares in a report dated March 09, 2022. B. Riley FBR Inc. resumed its ‘Neutral’ rating for HDSN, as published in its report on March 06, 2018. Singular Research also rated the stock as ‘Buy’.
Analysis of Hudson Technologies, Inc. (HDSN)
Further, the quarter-over-quarter decrease in sales is -5.45%, showing a negative trend in the upcoming months.
One of the most important indicators of Hudson Technologies, Inc.’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of 25.89% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.86, 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.
For any stock, average volume can also provide valuable insight into volatility, and HDSN is recording 477.79K average volume. On a monthly basis, the volatility of the stock is set at 3.60%, whereas on a weekly basis, it is put at 2.44%, with a loss of -0.38% over the past seven days. Furthermore, long-term investors anticipate a median target price of $14.69, showing growth from the present price of $10.45, which can serve as yet another indication of whether HDSN is worth investing in or should be passed over.
How Do You Analyze Hudson Technologies, Inc. Shares?
The Specialty Chemicals market is dominated by Hudson Technologies, Inc. (HDSN) based in the USA. When comparing Hudson Technologies, Inc. shares with other companies under Basic Materials, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 9.47, there is a growth in quarterly earnings of -22.60%.
Along with the fundamentals, it is also important to consider how many employees own shares of the company. 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 13.54%. 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 72.14% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
HDSN shares are owned by institutional investors to the tune of 72.14% at present.
