HC2 Holdings Inc. (NYSE:HCHC) shares fell to a low of $3.78 before closing at $3.90. Intraday shares traded counted 0.19 million, which was 75.84% higher than its 30-day average trading volume of 771.40K. HCHC’s previous close was $3.87 while the outstanding shares total 46.90M. The firm has a beta of 2.25. The stock’s Relative Strength Index (RSI) is 58.25, with weekly volatility at 5.22% and ATR at 0.23. The HCHC stock’s 52-week price range has touched low of $1.29 and a $4.75 high. The stock traded higher over the last trading session, gaining 0.78% on 02/11/21.
Investors have identified the Telecom Services company HC2 Holdings Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $302.56 million, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
HC2 Holdings Inc. (HCHC) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. In terms of their assets, the company currently has 415.9 million total, with 298.6 million as their total liabilities.
Having a look at the company’s valuation, the company is expected to record -0.60 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on HCHC sounds very interesting.
Is the stock of HCHC attractive?
In related news, Director, GLAZER AVRAM A bought 43,000 shares of the company’s stock in a transaction that recorded on Dec 08. The purchase was performed at an average price of 3.49, for a total value of 150,143. As the purchase deal closes, the Director, GLAZER AVRAM A now bought 197,548 shares of the company’s stock, valued at 688,810. Also, Director, GLAZER AVRAM A bought 100,000 shares of the company’s stock in a deal that was recorded on Dec 04. The shares were cost at an average price of 3.48 per share, with a total market value of 347,610. Following this completion of disposal, the Director, GLAZER AVRAM A now holds 1,062,009 shares of the company’s stock, valued at 3,762,804. In the last 6 months, insiders have changed their ownership in shares of company stock by 2.20%.
1 out of 1 analysts covering the stock have rated it a Buy, while 0 have maintained a Hold recommendation on HC2 Holdings Inc.. 0 analysts has assigned a Sell rating on the HCHC stock. The 12-month mean consensus price target for the company’s shares has been set at $5.00.