Hudson Technologies Inc. (NASDAQ:HDSN) saw an upside of 5.68% to close Friday at $10.42 after adding $0.56 on the day. The 5-day average trading volume is 523,440 shares of the company’s common stock. It has gained $10.54 in the past week and touched a new high 2 times within the past 5 days. An average of 750,015 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 565,540.
HDSN’s 1-month performance is 13.02% or $0.82 on its low of $8.52 reached on 08/02/23. The company’s shares have touched a 52-week low of $6.62 and high of $12.46, with the stock’s rally to the 52-week high happening on 02/03/23. YTD, HDSN has achieved 2.96% or $0.30 and has reached a new high 6 times. However, the current price is down -16.37% from the 52-week high price.
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Insider Transactions
HDSN stock investors last saw insider trading activity on Jun 14.Prouty Eric A (Director) most recently sold 20,000 shares at $9.56 per share on Jun 14. This transaction cost the insider $191,200. VP-Operations, Gaglione Kenneth, sold 19,000 shares at a price of $11.53 on Dec 12. Then, on Nov 09, CFO Krishnamurti Nat sold 46,194 shares at a price of $10.13 per share. This transaction amounted to $467,945.
Valuation Metrics
HDSN stock has a beta of 1.40. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.47 while the price-to-book (PB) in the most recent quarter is 2.24, with the price to cash flow ratio at 9.62.
Hudson Technologies Inc.’s quick ratio for the period ended June 29 was 1.30, with the current ratio over the same period at 3.80. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.12, while the total debt to equity was 0.14. In terms of profitability, the gross margin trailing 12 months is 41.50%. The trailing 12-month EBITDA margin is 42.27% while for the period ending June 29, Hudson Technologies Inc.’s operating margin was 30.80%. The firm’s gross profit as reported stood at $162.89 million against revenue of $325.23 million.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -107.45% to $19.19 million, while revenue of $15.53 million was 19.07% off the previous quarter. Analysts expected HDSN to announce $0.36 per share in earnings in its latest quarter, but it posted $0.41, representing a 13.90% surprise. EBITDA for the quarter stood at more than $29.37 million. HDSN stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 87.61 million, with total debt at $36.92 million. Shareholders hold equity totaling $45.4 million.
Let’s look briefly at Hudson Technologies Inc. (HDSN) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 18 August was 59.46% to suggest the stock is trending Neutral, with historical volatility in this time period at 46.69%.
The stock’s 5-day moving average is $9.93, reflecting a +1.36% or $0.14 change from its current price. HDSN is currently trading +16.55% above its 20-day SMA, +30.74% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +6.87% and SMA200 by+13.14%.
Stochastic %K and %D was 52.96% and 48.39% and the average true range (ATR) pointed at 0.58. The RSI (14) points at 57.90%, while the 14-day stochastic is at 70.37% with the period’s ATR at 0.54. The stock’s 9-day MACD Oscillator is pointing at -0.21 and -0.12 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Hudson Technologies Inc. (NASDAQ: HDSN), ROTH Capital upgraded it to a Buy rating. They previously had a Neutral rating on the stock. Analysts offering their rating for HDSN stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate HDSN as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 2 have offered a “buy” rating.
What is HDSN’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $12.00 and a high of $14.00, with their median price target at $13.00. Looking at these predictions, the average price target given by analysts is for Hudson Technologies Inc. (HDSN) stock is $13.00.
