Meihua International Medical Technologies Co Ltd (NASDAQ: MHUA) is -39.23% lower on its value in year-to-date trading and has touched a low of $0.60 and a high of $2.81 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 MHUA stock was last observed hovering at around $0.83 in the last trading session, with the day’s gains setting it 0.07%.
Currently trading at $0.90, the stock is -1.94% and 0.72% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.09 million and changing 8.89% at the moment leaves the stock 7.37% off its SMA200. MHUA registered -54.11% loss for a year compared to 6-month gain of 42.69%. The firm has a 50-day simple moving average (SMA 50) of $0.89302 and a 200-day simple moving average (SMA200) of $0.837685.
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The stock witnessed a -12.68% loss in the last 1 month and extending the period to 3 months gives it a -6.32%, and is 19.82% up 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 10.58% over the week and 10.20% over the month.
Meihua International Medical Technologies Co Ltd (MHUA) has around 617 employees, a market worth around $23.47M and $94.25M in sales. Current P/E ratio is 2.61. Profit margin for the company is 9.85%. Distance from 52-week low is 49.65% and -67.99% from its 52-week high. The company has generated returns on investments over the last 12 months (6.20%).
The shares outstanding are 23.94M, and float is at 10.16M with Short Float at 0.91%.
The top institutional shareholder in the company is ANSON FUNDS MANAGEMENT LP with over 0.65 million shares valued at $0.55 million. The investor’s holdings represent 2.7093 of the MHUA Shares outstanding. As of 2024-06-30, the second largest holder is RENAISSANCE TECHNOLOGIES LLC with 24300.0 shares valued at $20702.0 to account for 0.1015 of the shares outstanding. The other top investors are UBS GROUP AG which holds 22734.0 shares representing 0.095 and valued at over $19369.0, while GEODE CAPITAL MANAGEMENT, LLC holds 0.07 of the shares totaling 16753.0 with a market value of $14322.0.
