Hudson Technologies Inc. (NASDAQ: HDSN) stock fell -1.38% on Monday to $12.18 against a previous-day closing price of $12.35. With 0.55 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.57 million shares. During the session, the Specialty Chemicals company that operates in wider Basic Materials sector, reached to the highest price of $12.30 whereas the lowest price it dropped to was $11.82. The 52-week range on HDSN shows that it touched its highest point at $13.34 and its lowest point at $6.62 during that stretch. It currently has a 1-year price target of $13.00. Beta for the stock currently stands at 1.38.
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 0.33%, but this was up by 23.53% over a month. Three-month performance surged to 33.55% while six-month performance rose 56.56%. The stock gained 61.11% in the past year, while it has gained 20.36% so far this year. A look at the trailing 12-month EPS for HDSN yields 1.46 with Next year EPS estimates of 1.35. For the next quarter, that number is 0.34. This implies an EPS growth rate of 218.60% for this year and 13.92% 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, 45.34 million HDSN shares are outstanding with a float of 37.90 million shares on hand for trading. On Aug 30, 2023, short shares totaled 0.85 million, which was 1.87% higher than short shares on Jul 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.
Through their ownership of 70.73% of HDSN’s outstanding shares, institutional investors have majority control over the company.
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, 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.
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 $13.00. Based on these targets, HDSN could surge 14.94% to reach the target high and fall by -1.48% to reach the target low. Reaching the average price target will result in a growth of 6.73% 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 2 Buys and 2 Sells. In these transactions, 43,478 shares were bought while 4,504 shares were sold. The number of buy transactions has increased to 11 while that of sell transactions has risen to 10 over the past year. The total number of shares bought during that period was 303,657 while 247,638 shares were sold.