Hub Cyber Security Ltd (NASDAQ: HUBC) – Time For Strategy Change?

Hub Cyber Security Ltd (NASDAQ:HUBC) currently has a daily average trading volume of 2.46M but it saw 2010571 shares traded in last market. With a market cap of 30.76M USD, the company’s current market price of $1.01 came rising about 5.57 while comparing to the previous closing price of $0.96. In past 52 weeks, the stock remained buoying in the range of price level as high as $2.17 and as low as $0.37. In the recent trading on the day, stock has struck highest price mark of $0.96 while lowest mark touched by it was $1.06.

Taking a look at 20-day trading activity of Hub Cyber Security Ltd (HUBC) gives us an average price of $0.8639, while its current price level is -53.46% below from 52-week high level whereas it is 172.97% 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 $0.6848 while that of 200 days or SMA-200 reads an average of $0.6667. A closer look into the stock’s movement over the week reveals that its volatility is standing at 22.87% during that period while stretching the period over a month that decreases to 22.55%. 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 56.91 which implies that the stock is in neutral territory.

Over the week, HUBC’s stock price is moving -15.83% down while it is 81.95% when we observe its performance for the past one month. Year-to-date it is 46.38% up and over the past year, the stock is showing a downside performance of -31.76%.

The company is expected to be releasing its next quarterly report in March, for which analysts forecasted an EPS of 0 while estimate for next year EPS is 0.

Currently, Hub Cyber Security Ltd’s total number of outstanding shares is 30.46M with 0.89% of that held by the insiders while 4.00% of its common stock has been owned by the institutions. Stock’s beta reads -1.65. Stock has a price to sale or P/S ratio amounts to 1.11. Its return on asset (ROA) is -102.59% on average.