Hoth Therapeutics Inc. (HOTH) Review – Making Smarter Decisions

Hoth Therapeutics Inc. (NASDAQ: HOTH) is -5.49% lower on its value in year-to-date trading and has touched a low of $1.56 and a high of $7.20 in the current 52-week trading range. The HOTH stock was last observed hovering at around $2.24 in the last trading session, with the day’s gains setting it 0.03% off its average median price target of $10.00 for the next 12 months. It is also 77.3% off the consensus price target high of $10.00 offered by 1 analysts, but current levels are 77.3% higher than the price target low of $10.00 for the same period.

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Currently trading at $2.27, the stock is 19.98% and 26.44% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.61 million and changing 1.34% at the moment leaves the stock -8.26% off its SMA200. HOTH registered -54.19% loss for a year compared to 6-month loss of -14.50%. The firm has a 50-day simple moving average (SMA 50) of $1.8242 and a 200-day simple moving average (SMA200) of $2.1662.

The stock witnessed a 21.74% gain in the last 1 month and extending the period to 3 months gives it a 20.43%, and is -2.61% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 8.68% over the week and 8.94% over the month.

Distance from 52-week low is 45.51% and -68.47% from its 52-week high.

Hoth Therapeutics Inc. (HOTH) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Hoth Therapeutics Inc. (HOTH) is a “Buy”. 1 analysts offering their recommendations for the stock have an average rating of 2.00, where 0 rate it as a Hold and 0 think it is a “Overweight”. 1 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Hoth Therapeutics Inc. is expected to release its quarterly report on 05/19/2021 and quarterly earnings per share for the current quarter are estimated at -$0.1.The EPS is expected to shrink by -69.50% this year.

Hoth Therapeutics Inc. (HOTH) Top Institutional Holders

15 institutions hold shares in Hoth Therapeutics Inc. (HOTH), with 5.09M shares held by insiders accounting for 37.89% while institutional investors hold 2.52% of the company’s shares. The shares outstanding are 13.44M, and float is at 8.35M with Short Float at 0.29%. Institutions hold 1.56% of the Float.

The top institutional shareholder in the company is Renaissance Technologies, LLC with over 79208.0 shares valued at $0.16 million. The investor’s holdings represent 0.59% of the HOTH Shares outstanding. As of Sep 29, 2020, the second largest holder is Vanguard Group, Inc. (The) with 49687.0 shares valued at $97883.0 to account for 0.37% of the shares outstanding. The other top investors are Blackrock Inc. which holds 26719.0 shares representing 0.20% and valued at over $52636.0, while Susquehanna Fundamental Investments, LLC holds 0.14% of the shares totaling 19006.0 with a market value of $37441.0.

Hoth Therapeutics Inc. (HOTH) Insider Activity

A total of 0 insider transactions have happened at Hoth Therapeutics Inc. (HOTH) in the last six months, with sales accounting for 0 and purchases happening 0 times. The most recent transaction is an insider sale by Hayes Anthony, the company’s 10% Owner. SEC filings show that Hayes Anthony sold 400,000 shares of the company’s common stock on May 26 at a price of $1.25 per share for a total of $0.5 million. Following the sale, the insider now owns 1.13 million shares.

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