What is the Price Targets for Xiaobai Maimai Inc. (HX)?

Xiaobai Maimai Inc. (NASDAQ:HX) saw an upside of 18.84% to $3.91 after adding $0.62 on Tuesday. The 5-day average trading volume is 836,488 shares of the company’s common stock. It has gained $4.25 in the past week. An average of 299,592 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 158,741.

HX’s 1-month performance is 94.67% or $2.29 on its low of $1.61 reached on 09/15/21. The company’s shares have touched a 52-week low of $1.23 and high of $3.50, with the stock’s rally to the 52-week high happening on 10/12/21. YTD, HX has achieved 33.20% or $1.51. However, the current price is up 11.71%% from the 52-week high price.

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Valuation Metrics

Xiaobai Maimai Inc. (HX) has a trailing price-to-earnings (P/E) ratio of 21.00 for the broader industry and 12.79 for the sector.HX stock has a beta of 1.03. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 31.75 while the price-to-book (PB) in the most recent quarter is 3.10.

Xiaobai Maimai Inc.’s quick ratio for the period ended June 29 was 2.10, with the current ratio over the same period at 2.10 meaning that HX stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.00, while the total debt to equity was 0.58. The firm’s gross profit as reported stood at $32.66 million against revenue of $1.75 million.

Earnings Surprise

For the quarterly period ending June 29 this year, Analysts expected HX to announce $0 per share in earnings in its latest quarter, but it posted -$0.45. HX stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 33.13 million, with total debt at $12.97 million

Technical Picture

Let’s look briefly at Xiaobai Maimai Inc. (HX) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 89.59% to suggest the stock is trending Overbought, with historical volatility in this time period at 116.48%.

The stock’s 5-day moving average is $3.15, reflecting a +64.55% or $1.56 change from its current price. HX is currently trading +135.62% above its 20-day SMA, +186.47% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +144.29% and +72.38% respectively.

Stochastic %K and %D was 85.80% and 84.40% and the average true range (ATR) pointed at 0.40. The RSI (14) points at 87.72%, while the 14-day stochastic is at 89.52% with the period’s ATR at 0.32. The stock’s 9-day MACD Oscillator is pointing at 0.62 and 0.93 on the 14-day charts.

What is HX’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $9.00 and a high of $9.00, with their median price target at $9.00. Looking at these predictions, the average price target given by analysts is for Xiaobai Maimai Inc. (HX) stock is $9.00.


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