What The Financials Tell Us About Helius Medical Technologies Inc. (HSDT)

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Helius Medical Technologies Inc. (NASDAQ:HSDT) traded with a subtraction of -$0.06 to $0.38 on Thursday, a downside of -13.83 percent. An average of 1,403,307 shares of common stock have been traded in the last five days. There was a fall of -$0.1430 in the past week, and it reached a new high 1 time over the past 12 months. The last 20 days have seen an average of 2,645,997 shares traded, while the 50-day average volume stands at 5,423,024.

HSDT stock has decreased by -20.49% in the last month. The company shares reached their 1-month lowest point of $0.3702 on 09/22/22. With the stock rallying to its 52-week high on 01/04/22, shares of the company touched a low of $0.43 and a high of $15.05 in 52 weeks. It has reached a new high 2 times so far this year and lost -91.57% or -$4.8080 in price. In spite of this, the price is down -97.50% from the 52-week high.


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Valuation Metrics

Helius Medical Technologies Inc. (HSDT) stock’s beta is 0.78. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 17.82, the price-to-book (PB) ratio at 0.23.

Financial Health

The quick ratio of Helius Medical Technologies Inc. for the three months ended June 29 was 3.40, and the current ratio was 3.60, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending June 29. Its gross profit as reported stood at $0.22 million compared to revenue of $0.52 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Helius Medical Technologies Inc.’s return on assets was -171.40%.

Earnings Surprise

In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$4.35 million in the quarter, while revenues of -$4.1 million were grew 22.76%. The analyst consensus anticipated Helius Medical Technologies Inc.’s latest quarter earnings to come in at -$1.12 per share, but it turned out to be -$0.97, a 13.40% surprise. For the quarter, EBITDA amounted to -$3.36 million. Shareholders own equity worth $28.2 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Helius Medical Technologies Inc. (HSDT) price momentum. RSI 9-day as of the close on 21 September was 23.09%, suggesting the stock is oversold, with historical volatility in this time frame at 53.75%.

As of today, HSDT’s price is $0.4605 -27.24% or -$0.1430 from its 5-day moving average. HSDT is currently trading -42.82% lower than its 20-day SMA and -87.64% lower than its 100-day SMA. However, the stock’s current price level is -67.63% below the SMA50 and -93.46% below the SMA200.

The stochastic %K and %D were 9.70% and 14.69%, respectively, and the average true range (ATR) was 0.0590. With the 14-day stochastic at 5.37% and the average true range at 0.0800, the RSI (14) stands at 32.65%. The stock has reached -0.0624 on the 9-day MACD Oscillator while the 14-day reading was at -0.0823.

Analyst Ratings

Noble Capital Markets launched coverage on Helius Medical Technologies Inc. (NASDAQ: HSDT) in its analyst report released on March 24, 2021. The firm assigned the stock an Outperform rating. The consensus rating for Helius Medical Technologies Inc. (HSDT) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell HSDT, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 2 others rate it as a “buy”.

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

Analysts predict a range of price targets between $3.50 and $5.00, with a median target of $4.25. Taking a look at these predictions, the average price target given by analysts for Helius Medical Technologies Inc. (HSDT) stock is $4.25.

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