Hebron Technology Co., Ltd. (NASDAQ:HEBT) is among the top losers of the stock market today, sinking -17.68% or (-0.32 points) to $1.49 from its previous close of $1.81. 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 293434 contracts so far this session. HEBT shares had a relatively better volume day versus average trading capacity of 55.95 million shares, but with a 7.29 million float and a 5.85% run over a week, it’s definitely worth keeping an eye on. HEBT share price has been trading recently between $1.58 and $1.85.
The shorts are climbing into Hebron Technology Co., Ltd. (HEBT) stock. The latest set of short interest data was released on 28 June 2019, and the numbers show a rise in short interest in HEBT shares. While short interest still represents only 0.09% of HEBT’s float, the number of shares shorted have risen by 14456. The number of shares shorted advanced to 21020 shares, up from 6564 shares during the preceding fortnight. With average daily trading volumes at 141837 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 “Hebron Technology Co., Ltd. Reports Fiscal Year 2018 Financial Results” and dated May 15, 2019.
During the recent trading session for Hebron Technology Co., Ltd. (NASDAQ:HEBT), the company witnessed their stock drop by $-0.05 over a week and surge $0.66 from the price 20 days ago. When compared to their established 52-week high of $1.99, the high they recorded in their recent session happens to be lower. Their established 52-week high was attained by the company on 07/13/18. The recent low of $0.5 stood for a -25.13% since 10/12/18, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 0 is also allocated to the stock. Since the beta is less 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 Hebron Technology Co., Ltd., the two-week RSI stands at 53.72. This figure suggests that HEBT 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 HEBT readings is similarly very revealing as it has a stochastic reading of 59.69% at this stage. This figure means that HEBT share price today is being neutral.
Technical chart claims that Hebron Technology Co., Ltd. (HEBT) would settle between $1.91/share to $2.02/share level. However, if the stock price goes below the $1.64 mark, then the market for Hebron Technology Co., Ltd. becomes much weaker. If that happens, the stock price might even plunge as low as $1.48 for its downside target. The stock is currently in the green zone of MACD, with the indicator reading 0.01. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.
Moving on, HEBT stock price is currently trading at 0X forward 12-month Consensus EPS estimates, and its P/S ratio is 1.56 while for the average stock in the same group, the multiple is 4.27. Hebron Technology Co., Ltd. current P/E ratio of 5.82 means it is trading at a discount against its industry’s 24.82. In the past 5 years, this ratio for the stock has been fluctuating between 10.05 and 10.05.