AMERI Holdings, Inc. (NASDAQ:AMRH) is among the top losers of the stock market today, sinking -6.18% or (-0.02 points) to $0.29 from its previous close of $0.31. Does this decline mean it the best stock to buy right now? The shares seem to have an active trading volume day with a reported 737740 contracts so far this session. AMRH shares had a relatively better volume day versus average trading capacity of 3.01 million shares, but with a 37.91 million float and a -1.15% run over a week, it’s definitely worth keeping an eye on. AMRH share price has been trading recently between $0.3025 and $0.3329.
The shorts are running away from AMERI Holdings, Inc. (AMRH) stock. The latest set of short interest data was released on 30 April 2019, and the numbers show a drop in short interest in AMRH shares. While short interest still represents only 2.37% of AMRH’s float, the number of shares shorted have fallen by -247420. The number of shares shorted fell to 899268 shares, down from 1146688 shares during the preceding fortnight. With average daily trading volumes at 1147186 shares, days to cover decreased to about 1 days. The most recent news story about the stock that appeared in Yahoo Finance‘s news section was titled “AMERI100 Announces First Quarter 2019 Financial Results” and dated May 14, 2019.
During the recent trading session for AMERI Holdings, Inc. (NASDAQ:AMRH), the company witnessed their stock rise $unch over a week and tumble down $-0.04 from the price 20 days ago. When compared to their established 52-week high of $2.79, the high they recorded in their recent session happens to be lower. Their established 52-week high was attained by the company on 06/05/18. The recent low of $0.15 stood for a -89.61% since 12/21/18, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 2.11 is also allocated to the stock. Since the beta is greater than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to.
Looking at the current readings for AMERI Holdings, Inc., the two-week RSI stands at 37.21. This figure suggests that AMRH stock, for now, is neutral, meaning that the shares are stable in terms of price movement. The stochastic readings, on the other hand, based on the current AMRH readings is similarly very revealing as it has a stochastic reading of 32% at this stage. This figure means that AMRH share price today is being neutral.
Technical chart claims that AMERI Holdings, Inc. (AMRH) would settle between $0.33/share to $0.35/share level. However, if the stock price goes below the $0.3 mark, then the market for AMERI Holdings, Inc. becomes much weaker. If that happens, the stock price might even plunge as low as $0.28 for its downside target.
AMRH equity has an average rating of 1, with the figure leaning towards a bullish end. 1 analysts who tracked the company were contacted by Reuters. Amongst them, 0 rated the stock as a hold while the remaining 1 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while no rated it as a sell. 1 analysts rated AMERI Holdings, Inc. (NASDAQ:AMRH) as a buy or a strong buy while not a single analyst advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.
Moving on, AMRH stock price is currently trading at 0X forward 12-month Consensus EPS estimates, and its P/S ratio is 2.03 while for the average stock in the same group, the multiple is 2.58.