Houston American Energy Corp (AMEX:HUSA) price on Thursday, April 18, fall -8.24% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $1.67.
A look at the stock’s price movement, the close in the last trading session was $1.82. The beta value (5-Year monthly) was 0.59. Turning to its 52-week performance, $2.81 and $1.27 were the 52-week high and 52-week low respectively. Overall, HUSA moved 22.79% over the past month.
Houston American Energy Corp’s market cap currently stands at around $18.22 million, with investors looking forward to this quarter’s earnings report slated for May 13, 2024 – May 17, 2024.
Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that HUSA is a 50% Buy. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
HUSA’s current price about 5.51% and 15.28% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 51.76, while 7-day volatility ratio is 27.01% and 13.41% in the 30-day chart. Further, Houston American Energy Corp (HUSA) has a beta value of 0.46, and an average true range (ATR) of 0.24.
If we refocus on Houston American Energy Corp (AMEX:HUSA), historical trading data shows that trading volumes averaged 526.88K over the past 3 months. The company’s latest data on shares outstanding shows there are 10.91 million shares.
The 7.81% of Houston American Energy Corp’s shares are in the hands of company insiders while institutional holders own 12.18% of the company’s shares. Current price change has pushed the stock -6.70% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the HUSA stock continues to rise going into the next quarter.
