Hollysys Automation Technologies Ltd. (HOLI) Is A Stock You Should Watch

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As of Wednesday close, Hollysys Automation Technologies Ltd.’s (NASDAQ:HOLI) stock was up $0.1, moving up 0.59 percent to $17.00. The average number of shares traded per day over the past five days has been 244,640 shares. 2 times new highs have been achieved over the past 5 days, with a $0.63 gain in that time frame. In the last twenty days, the average volume was 364,205, while in the previous 50 days, it was 330,620.

Since last month, HOLI stock rose 12.36%. Shares of the company fell to $13.70 on 10/24/22, the lowest level in the past month. A 52-week high of $20.43 was reached on 09/02/22 after having rallying from a 52-week low of $11.05. Since the beginning of this year, HOLI’s stock price has risen by 20.74% or $2.92, and marked a new high 6 times. However, the stock has declined by -16.79% since its 52-week high.


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Valuation Metrics

Right now, Hollysys Automation Technologies Ltd. (HOLI) has a P/E ratio of about 11.61. The stock’s beta is 0.65. Besides these, the trailing price-to-sales (P/S) ratio of 1.46, the price-to-book (PB) ratio of 0.93, and the price-to-cash flow ratio of 2652.00 may also be considered.

The latest dividend of $0.32 per share was paid out, which is 60.0% more than last year’s $0.20. On Thursday March 10 2022, a $0.12 dividend increase was announced.

Financial Health

In the three months ended March 30, Hollysys Automation Technologies Ltd.’s quick ratio stood at 2.80, while its current ratio was 3.00, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 0.01, and the total debt-to-equity ratio was 0.01. On the profitability front, the trailing twelve-month gross margin is 33.10% percent. In the year ended March 30, operating margins totaled 10.40%. Based on annual data, HOLI earned $239.36 million in gross profit and brought in $707.46 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 4.80%. Return on equity (ROE) for the past 12 months was 7.70%.

In Hollysys Automation Technologies Ltd.’s quarter-end financial report for March 30, it reported total debt of $0.7 million against cash and short-term investments of $48.81 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. HOLI’s revenue rose 16.15% during the quarter, while net income inched up to $661.59 million. While analysts expected Hollysys Automation Technologies Ltd. to report $0.63 quarterly earnings, the actual figure was $0.3 per share, beating the consensus estimate by -52.40%. During the quarter, the company generated $19.34 million in EBITDA. The liabilities of Hollysys Automation Technologies Ltd. were 505.95 million at the end of its most recent quarter ended March 30, and its total debt was $18.91 million.

Technical Picture

This quick technical analysis looks at Hollysys Automation Technologies Ltd.’s (HOLI) price momentum. With a historical volatility rate of 68.66%, the RSI 9-day stood at 49.83% on 23 November.

With respect to its five-day moving average, the current Hollysys Automation Technologies Ltd. price is up by +3.85% percent or $0.63. At present, HOLI shares trade +10.39% above its 20-day simple moving average and +11.92% percent above its 100-day simple moving average. However, the stock is currently trading approximately -13.09% below its SMA50 and +22.74% above its SMA200.

Stochastic coefficient K was 18.68% and Stochastic coefficient D was 20.55%, while ATR was 0.86. Given the Stochastic reading of 22.99% for the 14-day period, the RSI (14) reading has been calculated as 50.37%. As of today, the MACD Oscillator reading stands at -0.55, while the 14-day reading stands at -0.58.

Analyst Ratings

JP Morgan upgraded its rating on Hollysys Automation Technologies Ltd. (NASDAQ: HOLI) to an Overweight in a note to investors on August 03, 2021. The analysts firm previously had a Neutral rating on the stock.Hollysys Automation Technologies Ltd. (HOLI) has been rated Buy by analysts. According to 0 brokerage firms, HOLI is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Hollysys Automation Technologies Ltd. stock as buy, with 1 recommending it as overweight.

With a median target price of $20.50, the current consensus forecast for the stock is $20.50 – $20.50. Based on these forecasts, analysts predict Hollysys Automation Technologies Ltd. (HOLI) will achieve an average price target of $20.50.

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