A History of Outperforming Analyst Forecasts and Beating the Odds: Huadi International Group Co. Ltd. (HUDI)

Huadi International Group Co. Ltd. (NASDAQ: HUDI) stock fell -5.60% on Friday to $5.90 against a previous-day closing price of $6.25. With 0.66 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.29 million shares. During the session, the Steel company that operates in wider Basic Materials sector, reached to the highest price of $6.17 whereas the lowest price it dropped to was $5.61. The 52-week range on HUDI shows that it touched its highest point at $192.88 and its lowest point at $4.50 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 HUDI was up-trending over the past week, with a rise of 12.17%, but this was up by 28.54% over a month. Three-month performance dropped to -81.55% while six-month performance fell -69.87%. The stock lost -66.85% in the past year, while it has gained 16.14% so far this year.

Float and Shares Shorts:

At present, 13.19 million HUDI shares are outstanding with a float of 4.24 million shares on hand for trading. On Dec 29, 2022, short shares totaled 0.28 million, which was 1.96% higher than short shares on Nov 29, 2022. In addition to Mr. Huisen Wang as the firm’s Chief Exec. Officer & Director, Mr. Jianping Xiang serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 10.23% of HUDI’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 10.05% of HUDI, in contrast to 0.18% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in HUDI with 9.99% of the stake, Sabby Management LLC holds 1,422,494 shares worth 1,422,494. A second-largest stockholder of HUDI, Invesco Capital Management LLC, holds 18,371 shares, controlling over 0.13% of the firm’s shares. Van Eck Associates Corp. is the third largest shareholder in HUDI, holding 13,027 shares or 0.09% stake. With a 0.13% stake in HUDI, the Invesco Golden Dragon China ETF is the largest stakeholder. A total of 17,733 shares are owned by the mutual fund manager. The Fidelity Nasdaq Composite Index F, which owns about 0.05% of HUDI stock, is the second-largest Mutual Fund holder. It holds 7,169 shares valued at 36419.0.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. Over the past year, revenue came in at $77.15M while operating income stood at $2.59M. EBITDA for the full year was $4.66M.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for HUDI 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.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

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