Harvard Bioscience Inc (NASDAQ: HBIO) is -81.79% lower on its value in year-to-date trading and has touched a low of $0.28 and a high of $3.44 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 $0.56 in the last trading session, with the day’s gains setting it 0.01%.
Currently trading at $0.57, the stock is 23.76% and 26.86% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.66 million and changing 2.55% at the moment leaves the stock -54.39% off its SMA200. HBIO registered -72.99% loss for a year compared to 6-month loss of -70.77%. The firm has a 50-day simple moving average (SMA 50) of $0.449 and a 200-day simple moving average (SMA200) of $1.2498.
The stock witnessed a 7.61% gain in the last 1 month and extending the period to 3 months gives it a 43.18%, and is 25.58% 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 15.42% over the week and 10.45% over the month.
Harvard Bioscience Inc (HBIO) has around 355 employees, a market worth around $25.20M and $91.40M in sales. Fwd P/E is 9.50. Profit margin for the company is -63.52%. Distance from 52-week low is 102.63% and -83.45% 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
121.0 institutions hold shares in Harvard Bioscience Inc (HBIO), with institutional investors hold 75.75% 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 69.30% 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.
