This trade activity should not be overlooked: Hoth Therapeutics Inc. (HOTH)

Hoth Therapeutics Inc. (NASDAQ: HOTH) stock jumped 3.95% on Friday to $1.84 against a previous-day closing price of $1.77. With 0.42 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.23 million shares. During the session, the Biotechnology company that operates in wider Healthcare sector, reached to the highest price of $1.9800 whereas the lowest price it dropped to was $1.8000. The 52-week range on HOTH shows that it touched its highest point at $12.50 and its lowest point at $1.52 during that stretch. It currently has a 1-year price target of $5.25. Beta for the stock currently stands at 0.47.

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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 HOTH was down-trending over the past week, with a drop of -25.20%, but this was down by -27.27% over a month. Three-month performance dropped to -40.84% while six-month performance fell -17.49%. The stock lost -81.83% in the past year, while it has lost -76.41% so far this year. A look at the trailing 12-month EPS for HOTH yields -6.18 with Next year EPS estimates of -1.45. For the next quarter, that number is -0.72. This implies an EPS growth rate of 40.70% for this year and 48.90% for next year.

Float and Shares Shorts:

At present, 3.30 million HOTH shares are outstanding with a float of 3.26 million shares on hand for trading. On Aug 30, 2023, short shares totaled 0.11 million, which was 3.47% higher than short shares on Jul 30, 2023. In addition to Mr. Robb Knie as the firm’s Pres, CEO & Chairman, Mr. David S. Briones serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 1.84% of HOTH’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 1.91% of HOTH, in contrast to 1.20% held by mutual funds. Shares owned by individuals account for 0.26%. As the largest shareholder in HOTH with 0.74% of the stake, Geode Capital Management LLC holds 24,340 shares worth 24,340. A second-largest stockholder of HOTH, Citadel Securities LLC, holds 20,428 shares, controlling over 0.62% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in HOTH, holding 12,232 shares or 0.37% stake. With a 1.18% stake in HOTH, the Vanguard Extended Market Index Fu is the largest stakeholder. A total of 38,804 shares are owned by the mutual fund manager. The Fidelity Extended Market Index Fu, which owns about 0.65% of HOTH stock, is the second-largest Mutual Fund holder. It holds 21,446 shares valued at 46538.0. Fidelity Nasdaq Composite Index F holds 0.06% of the stake in HOTH, owning 1,988 shares worth 4314.0.

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. In its fiscal quarter reported on Jun 29, 2023, HOTH reported revenue of $0.00 and operating income of -$2.30M. The EBITDA in the recently reported quarter was -$1.94M and diluted EPS was -$2.16.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for HOTH 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 HOTH analysts setting a high price target of $7.50 and a low target of $3.00, the average target price over the next 12 months is $5.25. Based on these targets, HOTH could surge 307.61% to reach the target high and rise by 63.04% to reach the target low. Reaching the average price target will result in a growth of 185.33% 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 HOTH stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 2 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 15,075 while 0 shares were sold.

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