Are Analysts Too Bullish On Health In Tech Inc (HIT)

Health In Tech Inc (NASDAQ:HIT) currently has a daily average trading volume of 1.88M but it saw 3383827 shares traded in last market. With a market cap of 8.46M USD, the company’s current market price of $0.72 came rising about 6.64 while comparing to the previous closing price of $0.68. In past 52 weeks, the stock remained buoying in the range of price level as high as $7.59 and as low as $0.67. In the recent trading on the day, stock has struck highest price mark of $0.68 while lowest mark touched by it was $0.82.

Taking a look at 20-day trading activity of Health In Tech Inc (HIT) gives us an average price of $5.1863, while its current price level is -90.48% below from 52-week high level whereas it is 8.45% 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 $5.4547. A closer look into the stock’s movement over the week reveals that its volatility is standing at 34.58% during that period while stretching the period over a month that increases to 42.32%. 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 18.62 which implies that the stock is in oversold territory.

Over the week, HIT’s stock price is moving -45.23% down while it is -88.65% when we observe its performance for the past one month. Year-to-date it is -86.50% down and over the past year.

Currently, Health In Tech Inc’s total number of outstanding shares is 42.91M. Company’s return on investment (ROI) stands at 5.04% and return on equity (ROE) at 6.96%. It has a price to earnings ratio (P/E ratio) of 58.30. Stock has a price to book (P/B) ratio of 3.00 while price to sale or P/S ratio amounts to 0.43. Its return on asset (ROA) is 4.92% on average.