Should Investors Trust The Upside Potential In Haoxi Health Technology Ltd (HAO)?

Haoxi Health Technology Ltd (NASDAQ:HAO) currently has a daily average trading volume of 4.17M but it saw 8226511 shares traded in last market. With a market cap of 7.74M USD, the company’s current market price of $0.21 came rising about 10.67 while comparing to the previous closing price of $0.19. In past 52 weeks, the stock remained buoying in the range of price level as high as $10.60 and as low as $0.14. In the recent trading on the day, stock has struck highest price mark of $0.1842 while lowest mark touched by it was $0.223.

Taking a look at 20-day trading activity of Haoxi Health Technology Ltd (HAO) gives us an average price of $0.1917, while its current price level is -97.98% below from 52-week high level whereas it is 47.41% 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 $0.8703 while that of 200 days or SMA-200 reads an average of $4.5640. A closer look into the stock’s movement over the week reveals that its volatility is standing at 19.32% during that period while stretching the period over a month that decreases to 16.50%. 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 33.32 which implies that the stock is in neutral territory.

Over the week, HAO’s stock price is moving 8.04% up while it is 6.80% when we observe its performance for the past one month. Year-to-date it is -95.95% down and over the past year.

Currently, Haoxi Health Technology Ltd’s total number of outstanding shares is 14.97M. Company’s return on investment (ROI) stands at 11.16%. It has a price to earnings ratio (P/E ratio) of 5.65. Stock has a price to book (P/B) ratio of 0.61 while price to sale or P/S ratio amounts to 0.16.