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Wednesday, February 8, 2023

Is Hudson Technologies Inc. (NASDAQ: HDSN) Still On The Rise?

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Hudson Technologies Inc. (HDSN) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.02, or -0.21%, to $9.66. The Hudson Technologies Inc. has recorded 10,197 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Hudson Technologies Ranked No. 5 on Forbes 100 Best Small Companies List for 2023.

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Stocks Info

This NASDAQ-listed company operates within the Specialty Chemicals industry segment, falling under the Basic Materials sector. At the end of the last regular session, the stock closed at $9.68 and fluctuated between $10.25 as its day high and $9.56 as its day low. The current market capitalization of Hudson Technologies Inc. is $426.79M. A total of 0.63 million shares were traded on the day, compared to an average of 583.70K shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, HDSN has seen 2 BUY and 5 SELL insider trades, representing the acquisition of 198,902 and the disposition of 208,508 shares. Over the last 12 months, there were 14 BUYs and 24 SELLs from insiders. Insiders purchased 499,709 shares during that period but sold 752,082.

In the most recent transaction, Gaglione Kenneth sold 19,000 shares of HDSN for 11.53 per share on Dec 12. After the transaction, the VP-Operations now owns 3,207 company shares. In a previous transaction on Nov 09, Krishnamurti Nat sold 46,194 shares at 10.13 per share. HDSN shares that CFO owns now total 25,207.

Among the insiders who sold shares, Krishnamurti Nat disposed of 45,000 shares on Nov 08 at a per-share price of $10.66. This resulted in the CFO holding 71,401 shares of HDSN after the transaction. In another insider transaction, ABBATECOLA VINCENT P sold 20,000 shares at $9.75 per share on Jun 15. Company shares held by the Director now total 125,578.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for HDSN in the last 3 months, the mean price target is $13.00 with high estimates of $14.00 and low estimates of $12.00. In terms of 52-week highs and lows, HDSN has a high of $12.46 and a low of $3.11.

As of this writing, HDSN has an earnings estimate of $0.26 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of $0.29 per share and a lower estimate of $0.23. The company reported an EPS of $0.63 in the last quarter, which was 425.00% higher than expectations of $0.12.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 3 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for HDSN is Buy with a score of 5.00. A total of 3 analysts rated the stock as Buy while 0 rated it as Overweight while 0 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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