Hudson Technologies, Inc (NASDAQ:HDSN) shares, rose in value on Thursday, May 08, with the stock price up by 16.24% to the previous day’s close as strong demand from buyers drove the stock to $7.80.
Actively observing the price movement in the last trading, the stock closed the session at $6.71. The PE ratio was 21.01 over 12-month period. Referring to stock’s 52-week performance, its high was $10.04, and the low was $5.11. On the whole, HDSN has fluctuated by 48.01% over the past month.
With the market capitalization of Hudson Technologies, Inc currently standing at about $343.01 million, investors are eagerly awaiting this quarter’s results, scheduled for in June.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that HDSN’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of Hold while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the price of HDSN currently trading nearly 27.61% and 30.47% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 77.49, while the 7-day volatility ratio is showing 7.62% which for the 30-day chart, stands at 5.88%. Furthermore, Hudson Technologies, Inc (HDSN)’s beta value is 0.94, and its average true range (ATR) is 0.39.
A comparison of Hudson Technologies, Inc (HDSN) with its peers suggests the former has fared considerably weaker in the market. HDSN showed an intraday change of 16.24% in last session, and over the past year, it shrunk by -16.76%%.
Data on historical trading for Hudson Technologies, Inc (NASDAQ:HDSN) indicates that the trading volumes over the past 3 months, they’ve averaged 497.87K. According to company’s latest data on outstanding shares, there are 43.98 million shares outstanding.
Nearly 12.26% of Hudson Technologies, Inc’s shares belong to company insiders and institutional investors own 82.22% of the company’s shares. The stock has risen by 39.78% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the HDSN stock heading into the next quarter.
