The Week Ahead: Are Investors Really Too Optimistic About Haoxi Health Technology Ltd. (NASDAQ: HAO)

Haoxi Health Technology Ltd. (NASDAQ:HAO) currently has a daily average trading volume of 638.30K but it saw 661187 shares traded in last market. With a market cap of 126.56M USD, the company’s current market price of $3.97 came rising about 8.17 while comparing to the previous closing price of $3.67. In past 52 weeks, the stock remained buoying in the range of price level as high as $10.60 and as low as $2.48. In the recent trading on the day, stock has struck highest price mark of $3.65 while lowest mark touched by it was $4.07.

Taking a look at 20-day trading activity of Haoxi Health Technology Ltd. (HAO) gives us an average price of $3.52, while its current price level is -62.55% below from 52-week high level whereas it is 60.08% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $4.27. A closer look into the stock’s movement over the week reveals that its volatility is standing at 13.09% during that period while stretching the period over a month that increases to 16.46%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 52.40 which implies that the stock is in neutral territory.

Over the week, HAO’s stock price is moving 10.28% up while it is 7.30% when we observe its performance for the past one month. Year-to-date it is -24.81% down and over the past year.

Currently, Haoxi Health Technology Ltd.’s total number of outstanding shares is 14.61M. Stock has a price to book (P/B) ratio of 78.03.