Haoxi Health Technology Ltd (HAO): Are Investors Missing The Big Picture?

Haoxi Health Technology Ltd (NASDAQ:HAO) does about 4.93M shares in volume on a normal day but saw 3019751 shares change hands in the recent trading day. The company now has a market cap of 7.43M USD. Its current market price is $0.20, marking a decrease of -12.77% compared to the previous close of $0.23. The 52 week high reached by this stock is $10.60 whilst the lowest price level in 52 weeks is $0.14.

Haoxi Health Technology Ltd (HAO) has a 20-day trading average at $0.2085 and the current price is -98.07% off the 52-week high compared with 41.48% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.3074 and its 200-day simple moving average is $4.2936. If we look at the stock’s price movements over the week, volatility stands at 13.37%, which increases to 16.92% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 34.72 to suggest the stock is neutral.

The current price level is -1.70%, -33.30%, and -95.23% away from its SMA20, SMA50, and SMA200 respectively, with the HAO price moving above the 50-day SMA on current market day. Haoxi Health Technology Ltd (HAO) stock is down -9.25% over the week and 18.50% over the past month. Its price is -96.12% year-to-date.

Outstanding shares total 14.97M with insiders holding 35.23% of the shares and institutional holders owning 4.23% of the company’s common stock. The company has a return on investment of 11.16%. The price to earnings ratio (P/E ratio) amounts to 5.42. Price to book ratio is 0.59 and price to sales ratio is 0.15.