An Analysis Of Fujian Blue Hat Interactive Entertainment Technology Ltd. (BHAT)’s Weekly Performance

As of Wednesday close, Fujian Blue Hat Interactive Entertainment Technology Ltd.’s (NASDAQ:BHAT) stock was up $0.13, moving up 21.21 percent to $0.75. The average number of shares traded per day over the past five days has been 2,617,080 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.5780 fall in that time frame. In the last twenty days, the average volume was 736,943, while in the previous 50 days, it was 320,928.

Since last month, BHAT stock retreated -65.47%. Shares of the company fell to $0.5989 on 06/21/22, the lowest level in the past month. A 52-week high of $10.40 was reached on 01/19/22 after having rallying from a 52-week low of $0.60. Since the beginning of this year, BHAT’s stock price has dropped by -82.62% or -$3.5740, and marked a new high 3 times. However, the stock has declined by -92.77% since its 52-week high.

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Financial Health

In the recent quarter, Fujian Blue Hat Interactive Entertainment Technology Ltd.’s quick ratio stood at 1.20, while its current ratio was 1.20, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the recent quarter was 0.03, and the total debt-to-equity ratio was 0.09. On the profitability front, the trailing twelve-month gross margin is 42.80% percent. Based on annual data, BHAT earned $6.48 million in gross profit and brought in $15.15 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -368.00%. Return on equity (ROE) for the past 12 months was -99.60%.

According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. During the quarter, the company generated -$66.6 million in EBITDA. The liabilities of Fujian Blue Hat Interactive Entertainment Technology Ltd. were 18.86 million at the end of its most recent quarter, and its total debt was $1.57 million.

Technical Picture

This quick technical analysis looks at Fujian Blue Hat Interactive Entertainment Technology Ltd.’s (BHAT) price momentum. With a historical volatility rate of 328.97%, the RSI 9-day stood at 21.75% on 22 June.

With respect to its five-day moving average, the current Fujian Blue Hat Interactive Entertainment Technology Ltd. price is down by -43.46% percent or -$0.5780. At present, BHAT shares trade -61.44% below its 20-day simple moving average and -78.67% percent below its 100-day simple moving average. However, the stock is currently trading approximately -82.91% below its SMA50 and -88.60% below its SMA200.

Stochastic coefficient K was 5.88% and Stochastic coefficient D was 2.98%, while ATR was 0.2003. Given the Stochastic reading of 14.03% for the 14-day period, the RSI (14) reading has been calculated as 24.12%. As of today, the MACD Oscillator reading stands at -0.3570, while the 14-day reading stands at -0.4623.


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