As of Wednesday close, Hempacco Co. Inc.’s (NASDAQ:HPCO) stock was up $0.08, moving up 23.19 percent to $0.39. The average number of shares traded per day over the past five days has been 348,760 shares. 3 times new highs have been achieved over the past 5 days, with a $0.0729 gain in that time frame. In the last twenty days, the average volume was 183,520, while in the previous 50 days, it was 259,298.
Since last month, HPCO stock retreated -0.70%. Shares of the company fell to $0.2805 on 08/29/23, the lowest level in the past month. Since the beginning of this year, HPCO’s stock price has dropped by -52.62% or -$0.4309, and marked a new high 6 times. However, the stock has declined by -99.07% since its 52-week high.
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HPCO stock investors should be aware that Hempacco Co. Inc. (HPCO) stock had its last reported insider trading activity 104 days ago on May 19. Titus Stuart W, the Director of the company, purchased of 10,000 shares for $0.57 on May 19. It resulted in a $5,700 investment by the insider. Titus Stuart W added 10,000 shares at an average price of $0.58 on May 17. The insider now owns 376,127 shares following the transaction. On May 12, Director Titus Stuart W bought 10,000 shares at $0.57 apiece. The transaction was valued at $5,700.
Valuation Metrics
The stock’s beta is 2.58. Besides these, the trailing price-to-sales (P/S) ratio of 6.12, the price-to-book (PB) ratio of 1.02.
Financial Health
In the recent quarter, Hempacco Co. Inc.’s quick ratio stood at 1.80, while its current ratio was 2.50, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is -38.10% percent. Based on annual data, HPCO earned $0.24 million in gross profit and brought in $3.97 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 -88.60%. Return on equity (ROE) for the past 12 months was -92.20%.
According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. HPCO’s revenue rose 100.0% to $0.42 million during the quarter, while net income inched up to $0.25 million. During the quarter, the company generated -$1.6 million in EBITDA. The liabilities of Hempacco Co. Inc. were 2.0 million at the end of its most recent quarter, and its total debt was $0.5 million. The value of shareholders’ equity is $28.34 million.
Technical Picture
This quick technical analysis looks at Hempacco Co. Inc.’s (HPCO) price momentum. With a historical volatility rate of 117.99%, the RSI 9-day stood at 66.32% on 30 August.
With respect to its five-day moving average, the current Hempacco Co. Inc. price is up by +23.13% percent or $0.0729. At present, HPCO shares trade -1.12% below its 20-day simple moving average and -43.75% percent below its 100-day simple moving average. However, the stock is currently trading approximately -8.14% below its SMA50 and -74.30% below its SMA200.
Stochastic coefficient K was 44.96% and Stochastic coefficient D was 22.25%, while ATR was 0.0368. Given the Stochastic reading of 98.44% for the 14-day period, the RSI (14) reading has been calculated as 56.48%. As of today, the MACD Oscillator reading stands at 0.0111.
Analyst Ratings
Hempacco Co. Inc. (HPCO) has been rated – by analysts. According to 0 brokerage firms, HPCO 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 Hempacco Co. Inc. stock as buy, with 0 recommending it as overweight.
