Hudson Technologies Inc. (NASDAQ: HDSN) stock jumped 0.65% on Tuesday to $9.25 against a previous-day closing price of $9.19. With 0.72 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.58 million shares. During the session, the Specialty Chemicals company that operates in wider Basic Materials sector, reached to the highest price of $9.42 whereas the lowest price it dropped to was $9.05. The 52-week range on HDSN shows that it touched its highest point at $12.46 and its lowest point at $6.62 during that stretch. It currently has a 1-year price target of $13.33. Beta for the stock currently stands at 1.42.
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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 HDSN was up-trending over the past week, with a rise of 11.45%, but this was up by 12.12% over a month. Three-month performance dropped to -9.40% while six-month performance fell -11.82%. The stock gained 1.65% in the past year, while it has lost -8.60% so far this year. A look at the trailing 12-month EPS for HDSN yields 1.90 with Next year EPS estimates of 1.39. For the next quarter, that number is 0.38. This implies an EPS growth rate of 218.60% for this year and 15.54% for next year. EPS is expected to grow by 30.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 57.40%.
Float and Shares Shorts:
At present, 45.30 million HDSN shares are outstanding with a float of 37.30 million shares on hand for trading. On Apr 27, 2023, short shares totaled 1.05 million, which was 2.31% higher than short shares on Mar 30, 2023. In addition to Mr. Brian F. Coleman as the firm’s Chairman, Pres & CEO, Mr. Nat Krishnamurti serves as its VP, Sec. & CFO.
Institutional Ownership:
Through their ownership of 69.14% of HDSN’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 37.55% of HDSN, in contrast to 32.34% held by mutual funds. Shares owned by individuals account for 31.25%. As the largest shareholder in HDSN with 6.81% of the stake, Cooper Creek Partners Management holds 3,085,140 shares worth 3,085,140. A second-largest stockholder of HDSN, BlackRock Fund Advisors, holds 2,445,977 shares, controlling over 5.40% of the firm’s shares. Riva Ridge Capital Management LP is the third largest shareholder in HDSN, holding 2,442,672 shares or 5.39% stake. With a 4.19% stake in HDSN, the Meridian Small Cap Growth Fund is the largest stakeholder. A total of 1,901,287 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 2.54% of HDSN stock, is the second-largest Mutual Fund holder. It holds 1,149,613 shares valued at 8.89 million. iShares Russell 2000 ETF holds 2.01% of the stake in HDSN, owning 912,553 shares worth 7.05 million.
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. In its fiscal quarter reported on Mar 30, 2023, HDSN reported revenue of $103.94M and operating income of $49.78M. The EBITDA in the recently reported quarter was $50.48M and diluted EPS was $0.84.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for HDSN 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 HDSN analysts setting a high price target of $14.00 and a low target of $12.00, the average target price over the next 12 months is $13.33. Based on these targets, HDSN could surge 51.35% to reach the target high and rise by 29.73% to reach the target low. Reaching the average price target will result in a growth of 44.11% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Summary of Insider Activity:
Insiders traded HDSN stock several times over the past three months with 1 Buys and 0 Sells. In these transactions, 1,000 shares were bought while 0 shares were sold. The number of buy transactions has increased to 10 while that of sell transactions has risen to 13 over the past year. The total number of shares bought during that period was 294,409 while 409,508 shares were sold.
