Growth Story Still Intact For Hancock Jaffe Laboratories Inc. (HJLI)


After grabbing 0.27 million shares, the institutional investor is now in possession of 0.27 million shares of the Healthcare Company. The new investment brought the stake of investor firm to 0.71% having worth around $88869.0. Moreover, UBS Securities LLC increased its share by 52695.0 to have a control over 52695.0 shares. And Northern Trust Investments, Inc.(.. raised its holdings to 19220.0 shares by acquiring 19220.0 shares or 0.05% of the stake.

Hancock Jaffe Laboratories Inc. (HJLI) concluded trading on 08/26/20 at a closing price of $0.41, with 5.67 million shares of worth about $2.32 million changed hands on the day. Weekly performance of the stock remained positive as price took a surge of 35.62% during that period and on Wednesday the price saw a loss of about -7.32%. Currently the company’s common shares owned by public are about 21.46M shares, out of which, 18.19M shares are available for trading.

A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 1 analysts are covering the HJLI stock and their offered price forecasts bring an average price target of $3.00. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $3.00 and could fall to a lowest price of $3.00. Analysts also issued an outlook of 2.00 for the Hancock Jaffe Laboratories Inc. stock for next 12 months. However, touching the estimated high of $3.00 would mean a gain of 86.33% for the stock.

According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 6 times over the past 12 months. They bought 187,500 shares in 3 of the transactions. In 3 selling transactions, insiders dumped 225,583 shares.

The company recently came buying 848.0 shares which brought its stake up to 0.01% of the company’s outstanding shares. Esfera III, FI – Jores sold 27862.0 shares, after which its hold over company’s outstanding shares shrunk to 0.00%, leaving 0.0 shares with the mutual fund that have a worth of about $0.0.

Hancock Jaffe Laboratories Inc. (NASDAQ: HJLI) started trading at $0.409, below -$0.03 from concluding price of the previous day. However, the stock finished the trading on the day at a closing price of $0.41, or with a loss of -7.32%. Stock saw a price change of 35.62% in past 5 days and over the past one month there was a price change of 27.48%. Year-to-date (YTD), HJLI shares are showing a performance of -25.85% which decreased to -60.41% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.21 but also hit the highest price of $1.08 during that period. While comparing its average daily trading volume of 10.97 million shares, we see that about 5.67 million changed hands on the day. The stock is currently trading 17.74% above its 20-day simple moving average (SMA20), while that difference is up 7.69% for SMA50 and it goes to -8.80% lower than SMA200.

Renaissance Technologies LLC acquired 0.27 million shares of Hancock Jaffe Laboratories Inc. having value of about $88869.0. Hancock Jaffe Laboratories Inc. (NASDAQ: HJLI) currently have 21.46M outstanding shares and institutions hold larger chunk of about 1.10% of that. Holding of mutual funds in the company is about 1.12% while other institutional holders and individual stake holders have control over 13.41% and 0.01% of the stake respectively.

The stock has a current market capitalization of $9.58M. It has posted earnings per share of -$0.37 in the same period. It has Quick Ratio of 0.60 while making debt-to-equity ratio of 0.75. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for HJLI, volatility over the week remained 54.42% while standing at 20.03% over the month.

Analysts are in expectations that Hancock Jaffe Laboratories Inc. (HJLI) stock would likely to be making an EPS of $0 in the current quarter, while forecast for next quarter ESPS is $0 and it is $0 for next year. For the current quarter EPS, analysts have given the company a lowest target $0 which is $0 at the higher side of the target for the same. Stock’s fiscal year EPS is expected to rise by 72.30%.

Analysts at 1 brokerage firms have issued recommendations for the Hancock Jaffe Laboratories Inc. (HJLI)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.00. Out of those 1 Wall Street analysts, 1 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Maxim Group on August 06, 2019 offering a Buy rating for the stock and assigned a target price of $3 to it.


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