Harvard Bioscience Inc (NASDAQ: HBIO) is -86.33% lower on its value in year-to-date trading and has touched a low of $0.28 and a high of $3.60 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 HBIO stock was last observed hovering at around $0.41 in the last trading session, with the day’s gains setting it 0.04%.
Currently trading at $0.45, the stock is -2.37% and 5.23% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.9 million and changing 12.07% at the moment leaves the stock -65.15% off its SMA200. HBIO registered -78.49% loss for a year compared to 6-month loss of -77.53%. The firm has a 50-day simple moving average (SMA 50) of $0.4262 and a 200-day simple moving average (SMA200) of $1.3361.
The stock witnessed a -10.86% gain in the last 1 month and extending the period to 3 months gives it a 14.91%, and is -1.22% 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 9.16% over the week and 9.65% over the month.
Harvard Bioscience Inc (HBIO) has around 355 employees, a market worth around $20.07M and $91.40M in sales. Fwd P/E is 7.57. Profit margin for the company is -63.52%. Distance from 52-week low is 61.36% and -87.39% from its 52-week high. The company has generated returns on investments over the last 12 months (-263.09%).
The EPS is expected to grow by 16.67% this year
123.0 institutions hold shares in Harvard Bioscience Inc (HBIO), with institutional investors hold 75.94% of the company’s shares. The shares outstanding are 44.21M, and float is at 37.41M with Short Float at 4.35%. Institutions hold 69.66% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 2.84 million shares valued at $8.1 million. The investor’s holdings represent 6.5392 of the HBIO Shares outstanding. As of 2024-06-30, the second largest holder is PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. with 2.77 million shares valued at $7.9 million to account for 6.3752 of the shares outstanding. The other top investors are HARVEY PARTNERS, LLC which holds 2.56 million shares representing 5.8812 and valued at over $7.29 million, while AMH EQUITY LTD holds 5.0589 of the shares totaling 2.2 million with a market value of $6.27 million.
