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Haoxi Health Technology Ltd. (HAO) – Don’t Be So Quick to Call it Dead

Haoxi Health Technology Ltd. (NASDAQ: HAO) is -94.46% lower on its value in year-to-date trading and has touched a low of $0.32 and a high of $10.60 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The HAO stock was last observed hovering at around $0.33 in the last trading session, with the day’s loss setting it -0.04%.

Currently trading at $0.29, the stock is -86.96% and -90.52% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.08 million and changing -11.45% at the moment leaves the stock -94.61% off its SMA200. HAO registered a loss of -94.32% in past 6-months. The firm has a 50-day simple moving average (SMA 50) of $3.01298 and a 200-day simple moving average (SMA200) of $5.3883815.

The stock witnessed a -91.70% gain in the last 1 month and extending the period to 3 months gives it a -94.51%, and is -34.33% 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 16.46% over the week and 24.80% over the month.

Distance from 52-week low is -8.80% and -97.24% from its 52-week high.

The shares outstanding are 36.24M, and float is at 10.08M with Short Float at 4.82%.

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