The Vanguard Group, Inc. has recently announced that it has increased stake in Hoth Therapeutics Inc (NASDAQ:HOTH) by 217.23%. After grabbing 38804.0 shares, the institutional investor is now in possession of 26572.0 shares of the Healthcare Company. The new investment brought the stake of investor firm to 0.89% having worth around $43460.0. Moreover, Two Sigma Securities LLC increased its share by 16773.0 to have a control over 16773.0 shares. And Virtu Americas LLC raised its holdings to 12746.0 shares by acquiring 12746.0 shares or 0.29% of the stake.
Hoth Therapeutics Inc (HOTH) concluded trading on 12/27/23 at a closing price of $1.61, with 7.85 million shares of worth about $12.64 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -45.79% during that period and on Wednesday the price saw a gain of about 19.26%. Currently the company’s common shares owned by public are about 4.35M shares, out of which, 4.31M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 0 times over the past 12 months. They bought 0 shares in 0 of the transactions. In 0 selling transactions, insiders dumped 0 shares.
Vanguard Extended Market Index Fu, Fidelity Extended Market Index Fu, and Fidelity Nasdaq Composite Index F are the top 3 mutual funds which are holding stakes in Hoth Therapeutics Inc Vanguard Extended Market Index Fu is currently holding 38804.0 shares of worth totaling $43460.0. The company recently came buying 0.0 shares which brought its stake up to 0.89% of the company’s outstanding shares. Fidelity Nasdaq Composite Index F, after buying 1988.0 shares, have now control over 0.05% of the stake in the company. It holds 0.0 shares of worth $2227.0.
Hoth Therapeutics Inc (NASDAQ: HOTH) started trading at $1.57, above $0.22 from concluding price of the previous day. However, the stock later moved at a day high price of 1.7250, or with a gain of 19.26%. Stock saw a price change of 36.44% in past 5 days and over the past one month there was a price change of 46.36%. Year-to-date (YTD), HOTH shares are showing a performance of -79.36% which decreased to -50.61% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.99 but also hit the highest price of $12.50 during that period. The average intraday trading volume for Hoth Therapeutics Inc shares is 100.12K. The stock is currently trading 31.32% above its 20-day simple moving average (SMA20), while that difference is up 32.91% for SMA50 and it goes to -17.51% lower than SMA200.
The Vanguard Group, Inc. acquired 38804.0 shares of Hoth Therapeutics Inc having value of about $43460.0. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 26572.0 shares in the company valued at close to $42780.92, or have control over 217.23% stake in the company. Hoth Therapeutics Inc (NASDAQ: HOTH) currently have 4.35M outstanding shares and institutions hold larger chunk of about 2.21% of that. Holding of mutual funds in the company is about 0.91% while other institutional holders and individual stake holders have control over 1.35% and 0.86% of the stake respectively.
The stock has a current market capitalization of $7.00M and its 3Y-monthly beta is at 0.59. It has posted earnings per share of -$10.52 in the same period. It has Quick Ratio of 7.63 while making debt-to-equity ratio of 0.00. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for HOTH, volatility over the week remained 11.14% while standing at 9.73% over the month.
Analysts are in expectations that Hoth Therapeutics Inc (HOTH) stock would likely to be making an EPS of -$0.53 in the current quarter, while forecast for next quarter EPS is -$0.7 and it is -$1.45 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.53 which is -$0.53 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$2.86 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 83.89%.
Analysts at 1 brokerage firms have issued recommendations for the Hoth Therapeutics Inc (HOTH)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.00. 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 The Benchmark Company on October 15, 2019 offering a Speculative buy rating for the stock and assigned a target price of $10 to it.
