Wall Street analysts’ outlook for Meihua International Medical Technologies Co. Ltd. (MHUA)

Meihua International Medical Technologies Co. Ltd. (NASDAQ: MHUA) stock jumped 40.56% on Friday to $7.07 against a previous-day closing price of $5.03. With 1.55 million shares changed hands, the volume of the stock remained heavier than its average volume of 4910.0 shares. During the session, the Medical Instruments & Supplies company that operates in wider Healthcare sector, reached to the highest price of $10.14 whereas the lowest price it dropped to was $4.57. The 52-week range on MHUA shows that it touched its highest point at $14.80 and its lowest point at $2.60 during that stretch.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of MHUA was up-trending over the past week, with a rise of 171.82%, but this was up by 15.33% over a month.

Float and Shares Shorts:

On Jul 14, 2022, short shares totaled 1480.0, which was 0.01% higher than short shares on Jun 14, 2022.

Institutional Ownership:

Through their ownership of 0.05% of MHUA’s outstanding shares, institutional investors have minority control over the company. Other institutions hold — of MHUA, in contrast to — held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in MHUA with 0.06% of the stake, Millennium Management LLC holds 14,294 shares worth 14,294. A second-largest stockholder of MHUA, Tower Research Capital LLC, holds 90 shares, controlling over 0.00% of the firm’s shares.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for MHUA since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With MHUA analysts setting a high price target of – and a low target of –, the average target price over the next 12 months is –.

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