Health In Tech Inc (NASDAQ:HIT) shares, rose in value on Friday, May 09, with the stock price up by 4.79% to the previous day’s close as strong demand from buyers drove the stock to $0.82.
Actively observing the price movement in the last trading, the stock closed the session at $0.78. The PE ratio was 42.37 over 12-month period. Referring to stock’s 52-week performance, its high was $7.59, and the low was $0.51. On the whole, HIT has fluctuated by 31.48% over the past month.
With the market capitalization of Health In Tech Inc currently standing at about $44.66 million, investors are eagerly awaiting this quarter’s results, scheduled for in June.
The stock’s technical analysis shows that the price of HIT currently trading nearly 22.90% and -52.89% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 42.73, while the 7-day volatility ratio is showing 14.03% which for the 30-day chart, stands at 11.20%. Furthermore, Health In Tech Inc (HIT)’s average true range (ATR) is 0.12.
Data on historical trading for Health In Tech Inc (NASDAQ:HIT) indicates that the trading volumes over the past 3 months, they’ve averaged 1.83 million. According to company’s latest data on outstanding shares, there are 42.97 million shares outstanding.
Nearly 85.60% of Health In Tech Inc’s shares belong to company insiders and institutional investors own 0.17% of the company’s shares. The stock has fallen by -84.73% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the HIT stock heading into the next quarter.
